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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 68,600 shares, a growth of 29.7% from the December 15th total of 52,900 shares. Based on an average trading volume of 98,200 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company's shares are short sold.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Innovative Solutions and Support from a "strong-buy" rating to a "buy" rating in a research report on Sunday, January 5th.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently bought and sold shares of ISSC. Barclays PLC bought a new position in shares of Innovative Solutions and Support during the third quarter valued at approximately $32,000. Corsair Capital Management L.P. bought a new position in Innovative Solutions and Support in the 3rd quarter worth $155,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth about $466,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Innovative Solutions and Support by 29.0% during 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 purchasing an additional 9,888 shares in the last quarter. Finally, James Investment Research Inc. purchased a new position in shares of Innovative Solutions and Support during the third quarter valued at about $68,000. Hedge funds and other institutional investors own 28.53% of the company's stock.

Innovative Solutions and Support Trading Up 1.2 %

ISSC traded up $0.12 during trading on Friday, hitting $10.29. 283,435 shares of the stock traded hands, compared to its average volume of 178,393. The firm has a market capitalization of $180.45 million, a P/E ratio of 25.73 and a beta of 1.00. Innovative Solutions and Support has a 12-month low of $4.91 and a 12-month high of $10.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02. The firm has a 50-day moving average of $8.11 and a 200 day moving average of $7.14.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a net margin of 14.83% and a return on equity of 18.32%.

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.