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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 41,000 shares, a growth of 33.1% from the October 31st total of 30,800 shares. Based on an average trading volume of 47,800 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

Innovative Solutions and Support Trading Up 0.3 %

Innovative Solutions and Support stock opened at $7.76 on Monday. The firm’s fifty day moving average price is $7.17 and its two-hundred day moving average price is $6.59. The firm has a market capitalization of $135.80 million, a price-to-earnings ratio of 20.97 and a beta of 1.06. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year 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.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of hedge funds have recently added to or reduced their stakes in ISSC. Barclays PLC bought a new position in shares of Innovative Solutions and Support in the third quarter valued at approximately $32,000. James Investment Research Inc. bought a new position in Innovative Solutions and Support during the 3rd quarter valued at $68,000. Quadrature Capital Ltd purchased a new position in Innovative Solutions and Support during the 1st quarter worth $117,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth $155,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Innovative Solutions and Support by 29.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 9,888 shares during the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.