Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Sees Significant Increase in Short Interest

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) experienced a notable rise in short interest during January. By January 31st, the short interest amounted to 98,900 shares, representing a significant increase of 38.1% compared to the 71,600 shares reported on January 15th. Given the average trading volume of 170,900 shares, the current days-to-cover ratio stands at approximately 0.6 days. This means that about 0.8% of the company's total shares are currently sold short.

Analyst Upgrades and Downgrades

In a separate development, analysts at StockNews.com downgraded Innovative Solutions and Support's shares from a "buy" rating to a "hold" rating in a report published on February 3rd.

Read Our Latest Analysis on ISSC

Innovative Solutions and Support Stock Performance

During trading hours on Friday, the shares of ISSC dropped $1.96, closing at $8.63. The trading volume reached 1,442,607 shares, which is significantly higher than the average volume of 291,550. The company holds a market capitalization of $151.37 million, with a price-to-earnings (PE) ratio of 21.58 and a beta coefficient of 1.03. Innovative Solutions and Support also has a debt-to-equity ratio of 0.60, alongside a current ratio of 4.77 and a quick ratio of 3.02. Over the past year, the stock has hit a low of $4.91 and a high of $12.17, with a fifty-day moving average price sitting at $9.40 and a 200-day moving average price at $7.83.

On February 13th, Innovative Solutions and Support is scheduled to release its quarterly earnings report. The aerospace firm is expected to announce an EPS (earnings per share) of $0.04 for the quarter, which falls short of the consensus estimate of $0.15 by $0.11. The company reported a net margin of 14.83% and a return on equity of 18.32%.

Insider Buying and Selling

In related news, Christopher Harborne, a major shareholder, sold 98,600 shares of Innovative Solutions and Support on January 21st. This transaction occurred at an average price of $10.82, totaling approximately $1,066,852.00. Following the sale, Harborne's direct ownership of the company's stock stands at 2,501,169 shares, equivalent to around $27,062,648.58. This sale represents a 3.79% decrease in his holdings. The details of this transaction have been disclosed in a legal filing with the SEC. Over the previous quarter, company insiders sold a total of 263,623 shares valued at $2,911,665. It is reported that 3.70% of the company's stock is owned by insiders.

Institutional Trading of Innovative Solutions and Support

Recent changes in share ownership have been noted among institutional investors. Barclays PLC purchased a new stake in Innovative Solutions and Support valued at approximately $32,000 during the third quarter. James Investment Research Inc. also acquired a new position in the company during the same quarter, costing around $68,000. Additionally, Schonfeld Strategic Advisors LLC bought shares worth $89,000 in the fourth quarter. Arrowstreet Capital Limited Partnership expanded its holdings by purchasing a new stake valued at $107,000 in the fourth quarter, while XTX Topco Ltd acquired a position worth $119,000 during the same period. Currently, hedge funds and institutional investors hold approximately 28.53% of the stock.

About Innovative Solutions and Support

Innovative Solutions and Support, Inc. is a systems integrator that specializes in designing, developing, manufacturing, selling, and servicing flight guidance systems, autothrottles, and cockpit display systems for both domestic and international markets. The company provides flat panel display systems that replicate existing analog or digital displays on a single screen and replace outdated displays in legacy aircraft. They also offer systems for security monitoring on board aircraft and as tactical workstations in military operations, as well as flight deck management systems that serve as navigation and performance computers for commercial air transport.

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