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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 834,320 shares, an increase of 26.4% from the February 26th total of 660,079 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average trading volume of 871,547 shares, the short-interest ratio is currently 1.0 days.

Innovative Solutions and Support Stock Performance

Shares of ISSC traded up $0.99 during trading hours on Tuesday, hitting $20.53. The company’s stock had a trading volume of 569,023 shares, compared to its average volume of 838,763. The business has a 50 day simple moving average of $23.91 and a two-hundred day simple moving average of $16.72. Innovative Solutions and Support has a 52-week low of $5.30 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.53. The company has a market cap of $365.02 million, a price-to-earnings ratio of 19.55 and a beta of 0.57.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. The company had revenue of $21.81 million for the quarter, compared to analysts’ expectations of $18.82 million. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday. JonesTrading upgraded Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Craig Hallum assumed coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They issued a “buy” rating and a $16.00 price target on the stock. Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and an average price target of $16.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. bought a new position in shares of Innovative Solutions and Support in the third quarter valued at approximately $807,000. Navellier & Associates Inc. purchased a new position in Innovative Solutions and Support during the third quarter valued at approximately $1,148,000. WINTON GROUP Ltd bought a new stake in Innovative Solutions and Support during the 3rd quarter worth approximately $1,122,000. Palisades Investment Partners LLC purchased a new stake in Innovative Solutions and Support in the 3rd quarter worth approximately $2,927,000. Finally, Teton Advisors LLC purchased a new stake in Innovative Solutions and Support in the 3rd quarter worth approximately $1,707,000. 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.