Short Interest in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Rises By 96.9%

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 715,093 shares, an increase of 96.9% from the June 15th total of 363,156 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average trading volume of 574,347 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analyst Weigh In

ISSC has been the subject of a number of research analyst reports. Weiss Ratings downgraded Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Wall Street Zen downgraded shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Zacks Research lowered shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Innovative Solutions and Support presently has an average rating of “Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Trading Down 0.2%

NASDAQ:ISSC opened at $18.33 on Thursday. The firm has a market capitalization of $327.98 million, a P/E ratio of 19.50 and a beta of 0.60. The business has a 50 day simple moving average of $17.77 and a 200 day simple moving average of $20.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.23 and a quick ratio of 1.53. Innovative Solutions and Support has a 12-month low of $8.13 and a 12-month high of $30.94.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Innovative Solutions and Support had a return on equity of 27.52% and a net margin of 18.82%.The firm had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Equities research analysts predict that Innovative Solutions and Support will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Innovative Solutions and Support

Several large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $27,000 after buying an additional 1,422 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Innovative Solutions and Support in the 4th quarter worth approximately $36,000. Bank of America Corp DE increased its holdings in shares of Innovative Solutions and Support by 589.9% in the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after buying an additional 7,792 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Innovative Solutions and Support by 496.6% during the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 6,342 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Innovative Solutions and Support in the 3rd quarter worth about $160,000. 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.