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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 20,500 shares, a growth of 18.5% from the March 15th total of 17,300 shares. Based on an average trading volume of 42,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $37,000. WealthTrust Axiom LLC raised its stake in Innovative Solutions and Support by 3.2% in the third quarter. WealthTrust Axiom LLC now owns 793,105 shares of the aerospace company's stock valued at $6,028,000 after buying an additional 24,351 shares during the period. Punch & Associates Investment Management Inc. bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth about $327,000. Portside Wealth Group LLC acquired a new stake in Innovative Solutions and Support during the 2nd quarter worth approximately $987,000. Finally, Susquehanna International Group LLP raised its stake in Innovative Solutions and Support by 47.4% in the 4th quarter. Susquehanna International Group LLP now owns 23,299 shares of the aerospace company's stock worth $192,000 after purchasing an additional 7,488 shares in the last quarter. Institutional investors own 28.53% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Thursday, December 21st.

Innovative Solutions and Support Stock Performance

Shares of NASDAQ:ISSC traded up $0.12 during trading on Friday, reaching $6.73. The company had a trading volume of 21,866 shares, compared to its average volume of 48,652. The firm's fifty day moving average is $7.80 and its 200 day moving average is $7.77. The firm has a market capitalization of $117.51 million, a PE ratio of 18.69 and a beta of 1.03. Innovative Solutions and Support has a twelve month low of $6.11 and a twelve month high of $9.00.

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

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.