Short Interest in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Rises By 29.7%

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 68,600 shares, a growth of 29.7% from the December 15th total of 52,900 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 98,200 shares, the short-interest ratio is presently 0.7 days.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock traded up $0.12 during trading on Friday, reaching $10.29. The company had a trading volume of 283,435 shares, compared to its average volume of 178,393. The firm has a market capitalization of $180.49 million, a PE ratio of 25.73 and a beta of 1.00. The firm’s 50-day simple moving average is $8.11 and its 200 day simple moving average is $7.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.02 and a current ratio of 4.77. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $10.50.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a net margin of 14.83% and a return on equity of 18.32%.

Hedge Funds Weigh In On Innovative Solutions and Support

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Innovative Solutions and Support by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after buying an additional 8,760 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at about $466,000. Gabelli Funds LLC lifted its stake in Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 18,585 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after purchasing an additional 9,888 shares during the last quarter. Finally, Corsair Capital Management L.P. purchased a new stake in shares of Innovative Solutions and Support in the third quarter valued at approximately $155,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 5th.

About Innovative Solutions and Support

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.