Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Grows By 163.1%

Research Solutions Inc. (NASDAQ:RSSS) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 58,719 shares, a growth of 163.1% from the May 14th total of 22,319 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 97,695 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

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

Research Solutions Trading Up 3.6%

Shares of NASDAQ:RSSS traded up $0.08 during mid-day trading on Friday, reaching $2.33. The stock had a trading volume of 69,474 shares, compared to its average volume of 92,022. The firm has a market cap of $77.93 million, a PE ratio of 16.64 and a beta of 0.77. The firm has a 50 day simple moving average of $2.38 and a two-hundred day simple moving average of $2.58. Research Solutions has a twelve month low of $2.00 and a twelve month high of $4.12.

Research Solutions (NASDAQ:RSSS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $12.12 million during the quarter, compared to analyst estimates of $12.37 million. Research Solutions had a net margin of 9.28% and a return on equity of 27.45%. On average, equities analysts anticipate that Research Solutions will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Research Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Navalign LLC boosted its position in Research Solutions by 154.7% during the first quarter. Navalign LLC now owns 251,126 shares of the company’s stock worth $568,000 after purchasing an additional 152,546 shares during the period. North Star Investment Management Corp. bought a new stake in shares of Research Solutions in the first quarter valued at about $754,000. XTX Topco Ltd bought a new stake in shares of Research Solutions in the fourth quarter valued at about $65,000. Needham Investment Management LLC lifted its position in Research Solutions by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock worth $9,246,000 after purchasing an additional 45,000 shares during the period. Finally, Jane Street Group LLC lifted its position in Research Solutions by 148.6% during the fourth quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after purchasing an additional 15,438 shares during the period. 33.60% of the stock is owned by institutional investors.

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.