Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Down 16.2% in February

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 527,361 shares, a drop of 16.2% from the January 29th total of 628,971 shares. Based on an average trading volume of 390,272 shares, the short-interest ratio is currently 1.4 days. Approximately 3.1% of the shares of the stock are short sold. Approximately 3.1% of the shares of the stock are short sold. Based on an average trading volume of 390,272 shares, the short-interest ratio is currently 1.4 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ISSC shares. Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Northland Securities began coverage on shares of Innovative Solutions and Support in a research note on Friday, November 21st. They issued an “outperform” rating and a $16.50 price target for the company. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Finally, JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Four research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of $16.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ISSC. XTX Topco Ltd lifted its position in shares of Innovative Solutions and Support by 26.9% in the 4th quarter. XTX Topco Ltd now owns 40,166 shares of the aerospace company’s stock worth $761,000 after purchasing an additional 8,508 shares during the period. Quadrature Capital Ltd purchased a new stake in Innovative Solutions and Support in the fourth quarter worth about $311,000. Millennium Management LLC boosted its position in Innovative Solutions and Support by 1,234.9% during the 4th quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock valued at $5,314,000 after acquiring an additional 259,561 shares in the last quarter. Man Group plc grew its holdings in shares of Innovative Solutions and Support by 140.0% during the 4th quarter. Man Group plc now owns 154,716 shares of the aerospace company’s stock worth $2,930,000 after acquiring an additional 90,259 shares during the period. Finally, 683 Capital Management LLC purchased a new position in shares of Innovative Solutions and Support during the 4th quarter worth approximately $852,000. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Trading Down 5.8%

Shares of Innovative Solutions and Support stock traded down $1.68 during trading on Thursday, reaching $27.44. 330,133 shares of the stock were exchanged, compared to its average volume of 544,193. The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. The firm has a market cap of $487.88 million, a price-to-earnings ratio of 26.13 and a beta of 0.57. Innovative Solutions and Support has a 1 year low of $5.30 and a 1 year high of $29.41. The stock’s fifty day moving average is $21.19 and its 200 day moving average is $14.78.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.The company had revenue of $21.81 million for the quarter, compared to the consensus estimate of $18.82 million.

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.