Short Interest in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Grows By 8.4%

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 27,200 shares, a growth of 8.4% from the September 15th total of 25,100 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 38,400 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Insider Transactions at Innovative Solutions and Support

In other news, Director Glen R. Bressner acquired 4,000 shares of Innovative Solutions and Support stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $6.83 per share, with a total value of $27,320.00. Following the completion of the acquisition, the director now owns 128,201 shares in the company, valued at $875,612.83. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Innovative Solutions and Support news, Director Glen R. Bressner bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $6.53 per share, for a total transaction of $32,650.00. Following the completion of the transaction, the director now owns 123,201 shares in the company, valued at approximately $804,502.53. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glen R. Bressner purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $6.83 per share, for a total transaction of $27,320.00. Following the completion of the purchase, the director now directly owns 128,201 shares in the company, valued at $875,612.83. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISSC. Isthmus Partners LLC grew its holdings in shares of Innovative Solutions and Support by 46.1% during the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock worth $1,438,000 after purchasing an additional 61,993 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Innovative Solutions and Support in the 1st quarter valued at $117,000. Dimensional Fund Advisors LP lifted its holdings in shares of Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 8,760 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in Innovative Solutions and Support by 42.2% during 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 during the period. 28.53% of the stock is currently owned by institutional investors and hedge funds.

Innovative Solutions and Support Stock Up 2.2 %

Shares of NASDAQ:ISSC opened at $7.34 on Thursday. The company has a market cap of $128.41 million, a P/E ratio of 20.39 and a beta of 1.07. The business has a fifty day simple moving average of $6.74 and a 200-day simple moving average of $6.40. Innovative Solutions and Support has a 52 week low of $4.91 and a 52 week high of $9.00.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results on Friday, August 9th. The aerospace company reported $0.11 EPS for the quarter. The company had revenue of $11.77 million during the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%.

Innovative Solutions and Support Company Profile

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.