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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 41,000 shares, a growth of 33.1% from the October 31st total of 30,800 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 47,800 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

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

Institutional Trading of Innovative Solutions and Support

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in Innovative Solutions and Support during the 1st quarter worth approximately $117,000. Dimensional Fund Advisors LP boosted its holdings 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 valued at $2,509,000 after acquiring an additional 8,760 shares during the period. Gabelli Funds LLC grew its position in shares of Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 18,585 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after acquiring an additional 9,888 shares during the period. Institutional investors and hedge funds own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

Shares of ISSC opened at $7.76 on Monday. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $9.00. The stock has a market cap of $135.80 million, a PE ratio of 20.97 and a beta of 1.06. The firm has a fifty day moving average price of $7.17 and a 200 day moving average price of $6.59.

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.