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

Research Solutions Inc. (NASDAQ:RSSS) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 18,291 shares, a decrease of 25.2% from the November 30th total of 24,443 shares. Based on an average daily volume of 84,449 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 84,449 shares, the short-interest ratio is currently 0.2 days.

Research Solutions Price Performance

Research Solutions stock traded down $0.01 during mid-day trading on Tuesday, reaching $2.94. 26,877 shares of the company traded hands, compared to its average volume of 89,225. The firm’s fifty day moving average is $3.03 and its two-hundred day moving average is $3.07. The company has a market capitalization of $96.64 million, a price-to-earnings ratio of 98.00 and a beta of 0.72. Research Solutions has a fifty-two week low of $2.32 and a fifty-two week high of $4.24.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Thursday, November 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.29 million. Research Solutions had a net margin of 2.73% and a return on equity of 10.37%. As a group, equities research analysts predict that Research Solutions will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on RSSS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Research Solutions in a research report on Monday. Wall Street Zen upgraded Research Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Roth Capital reiterated a “buy” rating and issued a $5.00 price target on shares of Research Solutions in a report on Friday, November 14th. Finally, Zacks Research raised shares of Research Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Research Solutions has a consensus rating of “Buy” and an average target price of $5.00.

Institutional Investors Weigh In On Research Solutions

Hedge funds have recently added to or reduced their stakes in the business. Topline Capital Management LLC grew its position in Research Solutions by 461.4% during the 3rd quarter. Topline Capital Management LLC now owns 244,928 shares of the company’s stock worth $914,000 after purchasing an additional 201,299 shares during the period. Navalign LLC acquired a new stake in Research Solutions during the third quarter worth about $536,000. Punch & Associates Investment Management Inc. grew its holdings in 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 acquiring an additional 81,210 shares during the period. Needham Investment Management LLC raised its position in Research Solutions by 1.7% during the first quarter. Needham Investment Management LLC now owns 2,930,000 shares of the company’s stock valued at $7,618,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Ashford Capital Management Inc. acquired a new position in Research Solutions in the third quarter valued at approximately $186,000. 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.