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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) saw a large decline in short interest in 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. Based on an average trading volume of 473,401 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Innovative Solutions and Support

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Innovative Solutions and Support by 7,484.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 1,422 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Innovative Solutions and Support during the fourth quarter worth $36,000. Royal Bank of Canada raised its position in shares of Innovative Solutions and Support by 496.6% during the first quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 6,342 shares during the period. Bank of America Corp DE raised its position in shares of Innovative Solutions and Support by 589.9% during the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 7,792 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Innovative Solutions and Support during the first quarter worth $218,000. 28.53% of the stock is owned by institutional investors and hedge funds.

Innovative Solutions and Support Price Performance

Shares of ISSC traded down $0.01 during midday trading on Monday, reaching $16.26. The stock had a trading volume of 662,072 shares, compared to its average volume of 517,492. Innovative Solutions and Support has a 52 week low of $8.13 and a 52 week high of $30.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.53. The firm’s 50 day moving average price is $23.36 and its 200-day moving average price is $18.93. 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 announced its earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Innovative Solutions and Support had a return on equity of 28.46% and a net margin of 18.82%. On average, analysts forecast that Innovative Solutions and Support will post 0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.