Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Up 33.1% in November

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 41,000 shares, an increase of 33.1% from the October 31st total of 30,800 shares. Based on an average daily volume of 47,800 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company’s shares are sold short.

Innovative Solutions and Support Price Performance

NASDAQ ISSC opened at $7.76 on Monday. The company has a market cap of $135.80 million, a P/E ratio of 20.97 and a beta of 1.06. The stock has a 50-day moving average of $7.17 and a two-hundred day moving average of $6.59. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $9.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC purchased a new position in Innovative Solutions and Support in the 3rd quarter valued at approximately $32,000. James Investment Research Inc. purchased a new position in Innovative Solutions and Support in the third quarter valued at $68,000. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support during the 1st quarter worth $117,000. Corsair Capital Management L.P. purchased a new stake in Innovative Solutions and Support during the 3rd quarter worth about $155,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 9,888 shares in the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Analysts Set New Price Targets

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

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.