Short Interest in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Grows By 18.5%

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 20,500 shares, an increase of 18.5% from the March 15th total of 17,300 shares. Based on an average daily volume of 42,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st.

Innovative Solutions and Support Price Performance

Shares of ISSC opened at $6.42 on Tuesday. The firm has a market capitalization of $112.09 million, a PE ratio of 17.83 and a beta of 1.04. Innovative Solutions and Support has a 1-year low of $6.11 and a 1-year high of $9.00. The company’s fifty day moving average price is $7.77 and its 200-day moving average price is $7.77.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.06 earnings per share for the quarter. The firm had revenue of $9.31 million for the quarter. Innovative Solutions and Support had a net margin of 16.98% and a return on equity of 17.20%.

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its holdings in shares of Innovative Solutions and Support by 276.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the aerospace company’s stock valued at $35,000 after buying an additional 3,420 shares during the last quarter. Barclays PLC purchased a new stake in Innovative Solutions and Support in the third quarter valued at $37,000. Victory Capital Management Inc. purchased a new stake in Innovative Solutions and Support in the fourth quarter valued at $93,000. Balyasny Asset Management L.P. purchased a new stake in Innovative Solutions and Support in the fourth quarter valued at $119,000. Finally, UBS Group AG boosted its holdings in Innovative Solutions and Support by 19.1% in the third quarter. UBS Group AG now owns 15,009 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 2,409 shares during the last quarter. 28.53% of the stock is owned by hedge funds and other institutional investors.

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.