Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Rises By 27.6%

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 18,191 shares, an increase of 27.6% from the February 26th total of 14,258 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 42,486 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Maxim Group set a $5.00 price objective on shares of Research Solutions in a research note on Friday, February 13th. Zacks Research lowered shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen raised shares of Research Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings upgraded shares of Research Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.00.

Research Solutions Price Performance

Shares of RSSS stock opened at $2.35 on Monday. The stock’s 50-day moving average is $2.51 and its 200 day moving average is $2.94. Research Solutions has a 1-year low of $2.15 and a 1-year high of $4.12. The company has a market cap of $77.33 million, a P/E ratio of 19.58 and a beta of 0.81.

Research Solutions (NASDAQ:RSSS) last announced 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 during the quarter, compared to the consensus estimate of $12.16 million. Research Solutions had a return on equity of 26.71% and a net margin of 7.87%. On average, analysts anticipate that Research Solutions will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Research Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Needham Investment Management LLC boosted its stake in Research Solutions by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock valued at $9,246,000 after acquiring an additional 45,000 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Research Solutions by 3.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 2,499,310 shares of the company’s stock worth $9,322,000 after purchasing an additional 81,210 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Research Solutions by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock valued at $4,678,000 after purchasing an additional 42,066 shares during the last quarter. Rothschild Wealth LLC purchased a new stake in shares of Research Solutions during the 4th quarter valued at $1,049,000. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Research Solutions by 4.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock worth $851,000 after purchasing an additional 13,483 shares in the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

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.