Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Up 13.7% in October

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 30,800 shares, an increase of 13.7% from the October 15th total of 27,100 shares. Based on an average daily trading volume, of 40,900 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Innovative Solutions and Support Price Performance

NASDAQ:ISSC opened at $7.50 on Monday. Innovative Solutions and Support has a 12-month low of $4.91 and a 12-month high of $9.00. The business has a 50 day simple moving average of $6.98 and a 200 day simple moving average of $6.48. The firm has a market capitalization of $131.25 million, a P/E ratio of 20.27 and a beta of 1.06.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 27th.

Hedge Funds Weigh In On Innovative Solutions and Support

Several institutional investors have recently modified their holdings of ISSC. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support during the 1st quarter valued at about $117,000. Gabelli Funds LLC boosted its position in shares of Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after buying an additional 18,585 shares during the period. James Investment Research Inc. bought a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $68,000. Dimensional Fund Advisors LP increased its position in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 8,760 shares during the period. Finally, Barclays PLC bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $32,000. Institutional investors 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.