Research Solutions Inc. (NASDAQ:RSSS) Short Interest Up 27.6% in March

Research Solutions Inc. (NASDAQ:RSSS) saw a large increase in short interest in 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 shares are sold short. Based on an average daily trading volume, of 42,486 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Several research firms have recently commented on RSSS. Wall Street Zen upgraded Research Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Zacks Research lowered shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings upgraded shares of Research Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Finally, Maxim Group set a $5.00 target price on shares of Research Solutions in a research note on Friday, February 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Research Solutions during the fourth quarter worth $65,000. NewEdge Advisors LLC purchased a new stake in shares of Research Solutions in the 1st quarter valued at $71,000. Jane Street Group LLC lifted its stake in Research Solutions by 148.6% during the 4th quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after acquiring an additional 15,438 shares in the last quarter. Topline Capital Management LLC acquired a new position in Research Solutions during the 2nd quarter worth about $125,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Research Solutions by 18.6% during the 4th 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. 33.60% of the stock is currently owned by institutional investors and hedge funds.

Research Solutions Price Performance

Shares of RSSS opened at $2.26 on Wednesday. The firm has a 50-day simple moving average of $2.48 and a two-hundred day simple moving average of $2.92. The stock has a market cap of $74.35 million, a PE ratio of 18.83 and a beta of 0.81. Research Solutions has a 1-year low of $2.15 and a 1-year high of $4.12.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $11.79 million during 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, sell-side analysts expect that Research Solutions will post 0.05 earnings per share for the current fiscal year.

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.