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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 27,200 shares, an increase of 8.4% from the September 15th total of 25,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is currently 0.7 days.

Insider Activity at Innovative Solutions and Support

In related news, Director Glen R. Bressner purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $6.53 per share, for a total transaction of $32,650.00. Following the purchase, the director now owns 123,201 shares in the company, valued at approximately $804,502.53. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Innovative Solutions and Support news, Director Glen R. Bressner bought 5,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $6.53 per share, for a total transaction of $32,650.00. Following the transaction, the director now directly owns 123,201 shares in the company, valued at approximately $804,502.53. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glen R. Bressner bought 4,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of $6.83 per share, for a total transaction of $27,320.00. Following the transaction, the director now owns 128,201 shares in the company, valued at approximately $875,612.83. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Innovative Solutions and Support during the 1st quarter worth approximately $117,000. Gabelli Funds LLC lifted its stake in Innovative Solutions and Support by 42.2% in the 2nd 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. Isthmus Partners LLC lifted its stake in Innovative Solutions and Support by 46.1% in the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company's stock valued at $1,438,000 after purchasing an additional 61,993 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company's stock valued at $2,509,000 after purchasing an additional 8,760 shares during the last quarter. Institutional investors own 28.53% of the company's stock.

Innovative Solutions and Support Stock Performance

Shares of Innovative Solutions and Support stock traded up $0.16 on Wednesday, reaching $7.34. 116,000 shares of the stock were exchanged, compared to its average volume of 42,812. The firm's 50 day moving average is $6.73 and its 200-day moving average is $6.39. Innovative Solutions and Support has a one year low of $4.91 and a one year high of $9.00. The firm has a market cap of $128.41 million, a PE ratio of 19.97 and a beta of 1.07.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The aerospace company reported $0.11 earnings per share for the quarter. Innovative Solutions and Support had a net margin of 14.40% and a return on equity of 16.62%. The company had revenue of $11.77 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a "buy" rating to a "strong-buy" rating in a research report 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.