Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Down 27.8% in November

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 29,600 shares, a drop of 27.8% from the November 15th total of 41,000 shares. Based on an average daily trading volume, of 49,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $32,000. Dimensional Fund Advisors LP raised its stake in shares of Innovative Solutions and Support by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after purchasing an additional 8,760 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 worth $287,000 after purchasing an additional 9,888 shares during the last quarter. James Investment Research Inc. bought a new position in shares of Innovative Solutions and Support during the third quarter valued at $68,000. Finally, 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 valued at $376,000 after buying an additional 18,585 shares during the last quarter. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Stock Performance

Shares of ISSC traded up $0.01 during trading hours on Friday, hitting $7.64. The company had a trading volume of 31,568 shares, compared to its average volume of 44,735. The stock has a market capitalization of $133.70 million, a price-to-earnings ratio of 20.62 and a beta of 1.06. The firm has a fifty day moving average price of $7.43 and a 200-day moving average price of $6.72. Innovative Solutions and Support has a 52-week low of $4.91 and a 52-week high of $9.00.

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.