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 significant growth in short interest in October. As of October 31st, there was short interest totalling 30,800 shares, a growth of 13.7% from the October 15th total of 27,100 shares. Approximately 0.3% of the company's stock are short sold. Based on an average daily volume of 40,900 shares, the short-interest ratio is presently 0.8 days.

Innovative Solutions and Support Trading Up 0.4 %

Shares of NASDAQ ISSC traded up $0.03 during trading hours on Monday, reaching $7.53. The stock had a trading volume of 60,601 shares, compared to its average volume of 43,914. The firm has a market cap of $131.78 million, a price-to-earnings ratio of 20.35 and a beta of 1.06. Innovative Solutions and Support has a fifty-two week low of $4.91 and a fifty-two week high of $9.00. The firm has a 50-day moving average of $6.99 and a 200-day moving average of $6.49.

Institutional Trading of Innovative Solutions and Support

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in Innovative Solutions and Support in the first quarter valued at about $117,000. Gabelli Funds LLC grew its holdings in Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company's stock valued at $376,000 after purchasing an additional 18,585 shares during the last quarter. James Investment Research Inc. purchased a new position in shares of Innovative Solutions and Support in the third quarter valued at $68,000. Dimensional Fund Advisors LP raised its stake in shares of Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company's stock worth $2,509,000 after buying an additional 8,760 shares during the last quarter. Finally, Barclays PLC acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 28.53% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Innovative Solutions and Support from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 27th.

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.