Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Declines By 62.9%

Research Solutions Inc. (NASDAQ:RSSS) was the target of a significant decrease in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 141,593 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 141,593 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 shares of Research Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. 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 research note on Monday, January 12th. Finally, Roth Mkm restated a “buy” rating and set a $5.00 target price on shares of Research Solutions in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.00.

Research Solutions Stock Down 1.7%

NASDAQ:RSSS opened at $2.31 on Wednesday. Research Solutions has a 1-year low of $2.15 and a 1-year high of $4.12. The firm has a market capitalization of $76.00 million, a price-to-earnings ratio of 19.25 and a beta of 0.81. The stock has a fifty day simple moving average of $2.65 and a 200 day simple moving average of $3.01.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $11.79 million during the quarter, compared to analysts’ expectations of $12.16 million. Research Solutions had a return on equity of 26.71% and a net margin of 7.87%. Equities analysts predict that Research Solutions will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Rothschild Wealth LLC purchased a new stake in shares of Research Solutions in the 4th quarter valued at approximately $1,049,000. Topline Capital Management LLC raised its stake in Research Solutions by 461.4% during the 3rd quarter. Topline Capital Management LLC now owns 244,928 shares of the company’s stock valued at $914,000 after purchasing an additional 201,299 shares during the period. Navalign LLC acquired a new stake in Research Solutions during the 3rd quarter valued at $536,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Research Solutions in the fourth quarter valued at $288,000. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Research Solutions by 3.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 2,499,310 shares of the company’s stock worth $9,322,000 after buying an additional 81,210 shares during the period. 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.