Innovative Solutions & Support Inc (NASDAQ:ISSC) Sees Significant Growth in Short Interest
Innovative Solutions & Support Inc (NASDAQ:ISSC) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 62,000 shares, a growth of 31.1% from the May 30th total of 47,300 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 26,100 shares, the short-interest ratio is currently 2.4 days.
ISSC has been the topic of a number of research reports. TheStreet downgraded shares of Trade Desk from a “b-” rating to a “c-” rating in a research report on Thursday, May 9th. ValuEngine downgraded shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th.
In other Innovative Solutions & Support news, Director Glen R. Bressner sold 24,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $4.64, for a total transaction of $111,360.00. Following the transaction, the director now owns 106,498 shares of the company’s stock, valued at approximately $494,150.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.70% of the company’s stock.
Shares of NASDAQ:ISSC traded up $0.04 during trading on Friday, reaching $4.64. The stock had a trading volume of 4,697 shares, compared to its average volume of 33,483. Innovative Solutions & Support has a one year low of $2.02 and a one year high of $5.25. The stock has a 50-day moving average of $4.52.
Innovative Solutions & Support (NASDAQ:ISSC) last released its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Innovative Solutions & Support had a negative net margin of 7.31% and a negative return on equity of 3.24%. The firm had revenue of $4.20 million during the quarter.
About Innovative Solutions & Support
Innovative Solutions and Support, Inc, a systems integrator, designs, manufactures, sells, and services flight guidance and cockpit display systems. It offers flat panel display systems that could replicate the display of analog or digital displays on one screen and could replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; flight management systems that complement the IS&S flat panel display system upgrade for commercial air transport aircraft; and integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications.
Featured Story: Market Capitalization
Receive News & Ratings for Innovative Solutions & Support Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innovative Solutions & Support and related companies with MarketBeat.com's FREE daily email newsletter.