Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Sees Significant Increase in Short Interest
by Scott Moore · The Cerbat GemInnovative Solutions and Support, Inc. (NASDAQ:ISSC – Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 725,972 shares, a growth of 29.5% from the December 31st total of 560,568 shares. Based on an average daily volume of 789,888 shares, the short-interest ratio is presently 0.9 days. Approximately 4.3% of the company’s shares are sold short. Approximately 4.3% of the company’s shares are sold short. Based on an average daily volume of 789,888 shares, the short-interest ratio is presently 0.9 days.
Institutional Investors Weigh In On Innovative Solutions and Support
Large investors have recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in shares of Innovative Solutions and Support during the third quarter worth $807,000. Palisades Investment Partners LLC purchased a new stake in Innovative Solutions and Support during the 3rd quarter worth about $2,927,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Innovative Solutions and Support by 155.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,389 shares of the aerospace company’s stock worth $2,018,000 after acquiring an additional 88,442 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at about $351,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of Innovative Solutions and Support during the 2nd quarter worth about $746,000. 28.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ISSC shares. Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Northland Securities began coverage on shares of Innovative Solutions and Support in a research report on Friday, November 21st. They set an “outperform” rating and a $16.50 price target on the stock. Finally, Jones Trading upgraded shares of Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Innovative Solutions and Support presently has a consensus rating of “Strong Buy” and a consensus target price of $16.25.
Check Out Our Latest Research Report on ISSC
Innovative Solutions and Support Stock Up 5.4%
Shares of ISSC traded up $0.99 during midday trading on Monday, hitting $19.48. The company had a trading volume of 318,204 shares, compared to its average volume of 579,010. Innovative Solutions and Support has a 1 year low of $5.30 and a 1 year high of $22.60. The firm has a market capitalization of $346.35 million, a P/E ratio of 22.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 3.04. The company’s 50-day simple moving average is $16.49 and its 200-day simple moving average is $13.78.
Innovative Solutions and Support Company Profile
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.