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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 30,800 shares, an increase of 13.7% from the October 15th total of 27,100 shares. Currently, 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.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new stake in Innovative Solutions and Support during the first quarter worth about $117,000. Gabelli Funds LLC raised its holdings in Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 18,585 shares in the last quarter. James Investment Research Inc. bought a new stake in Innovative Solutions and Support during the third quarter worth about $68,000. Dimensional Fund Advisors LP increased its position in Innovative Solutions and Support by 2.1% during the second 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 position in Innovative Solutions and Support during the third quarter worth approximately $32,000. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Trading Down 2.7 %

Shares of Innovative Solutions and Support stock traded down $0.20 during trading on Monday, reaching $7.30. The stock had a trading volume of 15,659 shares, compared to its average volume of 43,712. The company has a market capitalization of $127.75 million, a price-to-earnings ratio of 20.27 and a beta of 1.06. The stock has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $6.48. Innovative Solutions and Support has a 52 week low of $4.91 and a 52 week high of $9.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 27th.

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.