Short Interest in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Declines By 39.9%

Key Points

• Short interest fell 39.9% in March to 501,688 shares (about 3.0% of shares), leaving a days-to-cover ratio of 0.6 based on average daily volume.
• Multiple analyst upgrades have driven a consensus rating of "Strong Buy" with a consensus target price of $16.25.
• ISSC recently beat estimates, reporting $0.25 EPS vs. $0.10 expected and $21.81M in revenue, with a 21.02% net margin and 30.44% return on equity.

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 501,688 shares, a decline of 39.9% from the March 15th total of 834,320 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 774,474 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ISSC. 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. Weiss Ratings upgraded shares of Innovative Solutions and Support from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Finally, JonesTrading raised shares of Innovative Solutions and Support to a "strong-buy" rating in a report on Monday, January 5th. Four analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Strong Buy" and a consensus target price of $16.25.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC opened at $25.17 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.53. Innovative Solutions and Support has a 1-year low of $5.72 and a 1-year high of $30.94. The company has a market capitalization of $447.52 million, a P/E ratio of 23.97 and a beta of 0.70. The firm's 50 day simple moving average is $24.31 and its two-hundred day simple moving average is $17.37.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd lifted its holdings in Innovative Solutions and Support by 26.9% during the fourth quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company's stock valued at $761,000 after purchasing an additional 8,508 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Innovative Solutions and Support in the fourth quarter worth $311,000. Millennium Management LLC lifted its holdings in shares of Innovative Solutions and Support by 1,234.9% in the fourth quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company's stock worth $5,314,000 after buying an additional 259,561 shares in the last quarter. Man Group plc lifted its holdings in shares of Innovative Solutions and Support by 140.0% in the fourth quarter. Man Group plc now owns 154,716 shares of the aerospace company's stock worth $2,930,000 after buying an additional 90,259 shares in the last quarter. Finally, 683 Capital Management LLC purchased a new position in shares of Innovative Solutions and Support in the fourth quarter worth $852,000. Hedge funds and other institutional investors own 28.53% of the company's stock.

About Innovative Solutions and Support

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.

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