Research Solutions Inc. (NASDAQ:RSSS) Short Interest Up 77.7% in June

Research Solutions Inc. (NASDAQ:RSSS) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 102,245 shares, a growth of 77.7% from the June 15th total of 57,539 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 49,284 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Research Solutions

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Research Solutions in the 4th quarter worth about $65,000. NewEdge Advisors LLC purchased a new position in shares of Research Solutions during the 1st quarter valued at about $71,000. Jane Street Group LLC lifted its position in Research Solutions by 148.6% in the 4th quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after buying an additional 15,438 shares during the last quarter. Topline Capital Management LLC purchased a new stake in Research Solutions in the second quarter worth approximately $125,000. Finally, Goldman Sachs Group Inc. boosted its stake in Research Solutions by 18.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock worth $126,000 after buying an additional 6,729 shares in the last quarter. Institutional investors own 33.60% of the company’s stock.

Research Solutions Price Performance

Shares of NASDAQ:RSSS opened at $2.20 on Friday. The company’s fifty day moving average price is $2.29 and its 200-day moving average price is $2.46. The firm has a market capitalization of $73.59 million, a price-to-earnings ratio of 15.72 and a beta of 0.74. Research Solutions has a one year low of $2.00 and a one year high of $4.12.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Research Solutions had a return on equity of 27.45% and a net margin of 9.28%.The company had revenue of $12.12 million for the quarter, compared to the consensus estimate of $12.37 million. As a group, equities research analysts expect that Research Solutions will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RSSS shares. Maxim Group reduced their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Roth Capital reiterated a “buy” rating and issued a $3.50 price target on shares of Research Solutions in a research report on Friday, May 15th. Lake Street Capital decreased their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Weiss Ratings cut Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $3.83.

About Research Solutions

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.