Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Update

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 660,079 shares, a growth of 25.2% from the February 12th total of 527,361 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 441,316 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 441,316 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.9% of the shares of the stock are short sold.

Innovative Solutions and Support Price Performance

ISSC traded up $0.39 during trading on Tuesday, hitting $29.53. The company’s stock had a trading volume of 250,312 shares, compared to its average volume of 593,596. The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $524.95 million, a price-to-earnings ratio of 28.12 and a beta of 0.57. The firm’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $15.64. Innovative Solutions and Support has a 12 month low of $5.30 and a 12 month high of $30.94.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, topping the consensus estimate 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 return on equity of 30.44% and a net margin of 21.02%.

Analyst Ratings Changes

A number of analysts have weighed in on ISSC shares. Craig Hallum assumed coverage on Innovative Solutions and Support in a research report on Friday, December 5th. They issued a “buy” rating and a $16.00 price target on the stock. JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Wall Street Zen downgraded shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday. Northland Securities started coverage on shares of Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 target price on the stock. Finally, Zacks Research raised shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of $16.25.

Institutional Trading of Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently modified their holdings of ISSC. Caitong International Asset Management Co. Ltd boosted its position in Innovative Solutions and Support by 7,484.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock valued at $27,000 after buying an additional 1,422 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Innovative Solutions and Support during the fourth quarter valued at $36,000. Bank of America Corp DE lifted its stake in shares of Innovative Solutions and Support by 589.9% during the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after acquiring an additional 7,792 shares during the period. Matauro LLC acquired a new stake in Innovative Solutions and Support in the third quarter worth about $125,000. Finally, American Century Companies Inc. raised its holdings in Innovative Solutions and Support by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock worth $172,000 after purchasing an additional 2,228 shares during the last quarter. Institutional investors and hedge funds 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.