Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Up 96.9% in June

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 715,093 shares, an increase of 96.9% from the June 15th total of 363,156 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 574,347 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in Innovative Solutions and Support by 53.5% during the first quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 16,808 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Innovative Solutions and Support by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after purchasing an additional 725 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Innovative Solutions and Support during the 2nd quarter valued at about $848,000. American Century Companies Inc. increased its position in shares of Innovative Solutions and Support by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 2,228 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Innovative Solutions and Support by 415.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 157,250 shares of the aerospace company’s stock valued at $2,183,000 after buying an additional 126,729 shares in the last quarter. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Price Performance

Shares of ISSC stock traded up $0.19 during trading on Friday, hitting $18.46. The company had a trading volume of 259,803 shares, compared to its average volume of 546,907. The company has a quick ratio of 1.53, a current ratio of 3.23 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average is $17.72 and its two-hundred day moving average is $20.91. The stock has a market capitalization of $330.25 million, a price-to-earnings ratio of 19.64 and a beta of 0.60. Innovative Solutions and Support has a 52 week low of $8.13 and a 52 week high of $30.94.

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, beating the consensus estimate of $0.20 by $0.06. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 27.52%. The business had revenue of $22.37 million during the quarter, compared to analyst estimates of $21.59 million. As a group, analysts predict that Innovative Solutions and Support will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research cut Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Wall Street Zen lowered Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings downgraded Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Innovative Solutions and Support has an average rating of “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.