Research Solutions Inc. (NASDAQ:RSSS) Sees Significant Decline in Short Interest

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 14,258 shares, a decrease of 62.9% from the February 12th total of 38,410 shares. Based on an average daily volume of 141,593 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 141,593 shares, the short-interest ratio is presently 0.1 days.

Research Solutions Price Performance

RSSS traded up $0.06 on Friday, reaching $2.34. 25,361 shares of the stock were exchanged, compared to its average volume of 71,787. The company’s 50-day moving average price is $2.62 and its 200 day moving average price is $3.00. The firm has a market capitalization of $76.82 million, a PE ratio of 19.46 and a beta of 0.81. Research Solutions has a fifty-two week low of $2.15 and a fifty-two week high of $4.12.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Thursday, February 12th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $11.79 million for the quarter, compared to analyst estimates of $12.16 million. Research Solutions had a return on equity of 26.71% and a net margin of 7.87%. As a group, equities analysts forecast that Research Solutions will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Zacks Research downgraded Research Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen raised Research Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Weiss Ratings upgraded Research Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Roth Mkm reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Research Solutions in a research report on Friday, November 14th. Finally, Maxim Group set a $5.00 target price on shares of Research Solutions in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.00.

Institutional Trading of Research Solutions

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Research Solutions by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after purchasing an additional 3,918 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Research Solutions by 18.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after acquiring an additional 6,729 shares during the period. Hodges Capital Management Inc. grew its position in Research Solutions by 4.2% during the third quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after buying an additional 7,500 shares during the period. Renaissance Technologies LLC raised its position in shares of Research Solutions by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock worth $642,000 after acquiring an additional 11,756 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Research Solutions by 4.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock worth $851,000 after acquiring an additional 13,483 shares in the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.