Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Sees Large Drop in Short Interest

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 628,971 shares, a decrease of 13.4% from the January 15th total of 725,972 shares. Based on an average daily volume of 446,774 shares, the days-to-cover ratio is currently 1.4 days. Currently, 3.7% of the shares of the company are short sold. Currently, 3.7% of the shares of the company are short sold. Based on an average daily volume of 446,774 shares, the days-to-cover ratio is currently 1.4 days.

Innovative Solutions and Support Trading Up 9.9%

Shares of Innovative Solutions and Support stock opened at $23.52 on Thursday. The company has a 50-day moving average of $18.90 and a two-hundred day moving average of $14.17. The stock has a market cap of $418.19 million, a PE ratio of 22.40 and a beta of 0.64. The company has a current ratio of 2.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31. Innovative Solutions and Support has a 12-month low of $5.30 and a 12-month high of $24.10.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $21.81 million for the quarter, compared to analysts’ expectations of $18.82 million. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently made changes to their positions in ISSC. Stifel Financial Corp acquired a new position in Innovative Solutions and Support during the fourth quarter worth about $5,529,000. Punch & Associates Investment Management Inc. raised its position in shares of Innovative Solutions and Support by 94.1% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock worth $11,273,000 after purchasing an additional 288,479 shares during the last quarter. Marshall Wace LLP lifted its stake in Innovative Solutions and Support by 57.4% in the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock valued at $14,290,000 after buying an additional 275,286 shares in the last quarter. Millennium Management LLC lifted its stake in Innovative Solutions and Support by 1,234.9% in the 4th quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock valued at $5,314,000 after buying an additional 259,561 shares in the last quarter. Finally, Palisades Investment Partners LLC acquired a new stake in Innovative Solutions and Support during the 3rd quarter valued at $2,927,000. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ISSC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Thursday, January 22nd. Craig Hallum started coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They issued a “buy” rating and a $16.00 target price on the stock. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Finally, Northland Securities initiated coverage on shares of Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 price objective for the company. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc (NASDAQ: ISSC) is a provider of technology solutions and mission support services to U.S. federal government agencies, with a focus on defense, intelligence, and national security programs. The company delivers integrated program management, systems engineering, and advanced IT infrastructure support designed to enhance operational readiness and maintain secure, scalable environments for mission-critical operations.

Its core service offerings include systems integration, custom software development, data analytics, cybersecurity, and logistics management.