Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Down 40.1% in April

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 414,616 shares, a decline of 40.1% from the April 15th total of 691,727 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average trading volume of 473,401 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISSC. Geode Capital Management LLC grew its position in Innovative Solutions and Support by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after acquiring an additional 725 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Innovative Solutions and Support by 7,484.2% during 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 during the period. Ritholtz Wealth Management raised its stake in shares of Innovative Solutions and Support by 10.0% in the 1st quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock valued at $327,000 after purchasing an additional 1,452 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Innovative Solutions and Support by 1.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 128,500 shares of the aerospace company’s stock valued at $1,605,000 after purchasing an additional 1,500 shares during the period. Finally, Meixler Investment Management Ltd. raised its stake in shares of Innovative Solutions and Support by 10.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 1,550 shares during the period. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Stock Down 0.1%

Shares of ISSC stock traded down $0.01 on Monday, reaching $16.26. 662,072 shares of the company’s stock traded hands, compared to its average volume of 517,492. The business’s 50 day moving average price is $23.36 and its two-hundred day moving average price is $18.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.96. Innovative Solutions and Support has a 12-month low of $8.13 and a 12-month high of $30.94. The company has a market capitalization of $289.10 million, a P/E ratio of 17.30 and a beta of 0.71.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, May 14th. The aerospace company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Innovative Solutions and Support had a return on equity of 28.46% and a net margin of 18.82%.The firm had revenue of $22.37 million for the quarter, compared to the consensus estimate of $21.59 million. On average, equities analysts forecast that Innovative Solutions and Support will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of $16.25.

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.