Research Solutions Inc. (NASDAQ:RSSS) Short Interest Update

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 14,258 shares, a drop of 62.9% from the February 12th total of 38,410 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 141,593 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 141,593 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Research Solutions

Several institutional investors and hedge funds have recently bought and sold shares of RSSS. XTX Topco Ltd acquired a new stake in shares of Research Solutions in the fourth quarter worth $65,000. Rothschild Wealth LLC purchased a new stake in Research Solutions in the fourth quarter valued at $1,049,000. Needham Investment Management LLC boosted 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 purchasing an additional 45,000 shares during the last quarter. Jane Street Group LLC grew its position in Research Solutions by 148.6% during the 4th 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. Finally, Renaissance Technologies LLC grew its position in Research Solutions by 5.7% during the 4th quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock worth $642,000 after purchasing an additional 11,756 shares during the period. 33.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RSSS. Maxim Group set a $5.00 target price on Research Solutions in a research report on Friday, February 13th. Roth Mkm reissued a “buy” rating and issued a $5.00 price target on shares of Research Solutions in a report on Friday, November 14th. Weiss Ratings upgraded Research Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Zacks Research lowered shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Wall Street Zen raised shares of Research Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.00.

Research Solutions Stock Performance

Shares of RSSS stock opened at $2.30 on Thursday. The stock’s 50-day simple moving average is $2.64 and its 200-day simple moving average is $3.01. The firm has a market capitalization of $75.68 million, a PE ratio of 19.17 and a beta of 0.81. Research Solutions has a fifty-two week low of $2.15 and a fifty-two week high of $4.12.

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

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.