Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Decreases By 47.2%

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 58,161 shares, a drop of 47.2% from the August 15th total of 110,093 shares. Based on an average trading volume of 16,579 shares, the short-interest ratio is currently 3.5 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Research Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSSS. Needham Investment Management LLC raised its holdings 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. grew its stake in Research Solutions by 2.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,552,455 shares of the company’s stock worth $5,769,000 after buying an additional 53,145 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Research Solutions during the second quarter worth approximately $1,413,000. Dynamic Advisor Solutions LLC grew its position in Research Solutions by 15.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock worth $848,000 after purchasing an additional 47,907 shares during the last quarter. Finally, North Star Investment Management Corp. acquired a new position in Research Solutions in the 1st quarter valued at about $754,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Price Performance

Shares of NASDAQ:RSSS traded up $0.05 during midday trading on Thursday, reaching $2.11. 13,237 shares of the company’s stock were exchanged, compared to its average volume of 59,034. The firm’s 50 day simple moving average is $2.20 and its two-hundred day simple moving average is $2.30. The stock has a market cap of $70.58 million, a price-to-earnings ratio of 23.45 and a beta of 0.75. Research Solutions has a fifty-two week low of $1.92 and a fifty-two week high of $4.12.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $12.08 million during the quarter, compared to analyst estimates of $11.95 million. Research Solutions had a return on equity of 15.55% and a net margin of 5.84%. Equities research analysts predict that Research Solutions will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Research Solutions in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Research Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $3.83.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ: RSSS) provides cloud-based workflow solutions that help organizations discover, access, manage and share scientific, technical and medical information. Its platform is designed to support research teams that rely on a large volume of published literature and other specialized content.

The company’s products include Article Galaxy, a digital research and document-delivery platform, and related services operated through its Research Solutions and Reprints Desk businesses.