Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Update

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 27,500 shares, an increase of 88.4% from the May 31st total of 14,600 shares. Based on an average daily volume of 48,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Innovative Solutions and Support

Several large investors have recently modified their holdings of ISSC. Barclays PLC purchased a new stake in Innovative Solutions and Support in the third quarter worth $37,000. Victory Capital Management Inc. bought a new stake in Innovative Solutions and Support in the 4th quarter valued at about $93,000. Quadrature Capital Ltd purchased a new stake in Innovative Solutions and Support during the first quarter valued at about $117,000. Mesirow Financial Investment Management Inc. bought a new position in Innovative Solutions and Support during the first quarter worth about $439,000. Finally, Isthmus Partners LLC boosted its position in Innovative Solutions and Support by 4.4% during the fourth quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock worth $1,147,000 after purchasing an additional 5,642 shares during the period. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Stock Down 1.3 %

Innovative Solutions and Support stock traded down $0.08 during mid-day trading on Friday, reaching $6.00. 10,021 shares of the company’s stock were exchanged, compared to its average volume of 31,845. The business’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $7.27. Innovative Solutions and Support has a one year low of $4.91 and a one year high of $9.00. The firm has a market capitalization of $104.94 million, a PE ratio of 16.67 and a beta of 1.13.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Monday, May 13th. The aerospace company reported $0.07 EPS for the quarter. Innovative Solutions and Support had a return on equity of 16.24% and a net margin of 15.42%. The company had revenue of $10.74 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 31st.

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.