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

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 65,614 shares, a drop of 35.8% from the June 30th total of 102,245 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 30,438 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Lake Street Capital 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 report on Monday, May 18th. Weiss Ratings downgraded shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Maxim Group cut their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Roth Capital reissued a “buy” rating and set a $3.50 price objective on shares of Research Solutions in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Research Solutions has a consensus rating of “Moderate Buy” and an average target price of $3.83.

Institutional Investors Weigh In On Research Solutions

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in Research Solutions in the first quarter valued at approximately $71,000. Acadian Asset Management LLC raised its stake in Research Solutions by 83.7% during the first quarter. Acadian Asset Management LLC now owns 87,327 shares of the company’s stock worth $225,000 after purchasing an additional 39,789 shares during the period. Topline Capital Management LLC acquired a new position in shares of Research Solutions in the 2nd quarter valued at $125,000. Vanguard Group Inc. boosted its holdings in shares of Research Solutions by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock valued at $4,678,000 after purchasing an additional 42,066 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Research Solutions by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after purchasing an additional 3,918 shares during the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

Research Solutions Stock Down 0.9%

Shares of NASDAQ:RSSS opened at $2.20 on Friday. The company has a market cap of $73.59 million, a P/E ratio of 15.72 and a beta of 0.74. The business has a fifty day simple moving average of $2.25 and a 200-day simple moving average of $2.41. Research Solutions has a 52 week low of $2.00 and a 52 week high of $4.12.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $12.12 million for the quarter, compared to analysts’ expectations of $12.37 million. Research Solutions had a return on equity of 27.45% and a net margin of 9.28%. Sell-side analysts expect that Research Solutions will post 0.09 earnings per share for the current fiscal year.

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.