Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Increases By 49.0%

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 97,750 shares, a growth of 49.0% from the July 15th total of 65,614 shares. Based on an average daily volume of 31,732 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.3% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Lake Street Capital lowered their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Roth Capital restated a “buy” rating and set a $3.50 target price on shares of Research Solutions in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th. Finally, Maxim Group decreased 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 Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.83.

Research Solutions Stock Down 3.9%

RSSS stock traded down $0.09 during trading on Tuesday, reaching $2.22. The company’s stock had a trading volume of 8,033 shares, compared to its average volume of 61,145. Research Solutions has a 1 year low of $2.00 and a 1 year high of $4.12. The company has a market capitalization of $74.22 million, a P/E ratio of 15.85 and a beta of 0.75. The company’s fifty day moving average is $2.25 and its 200-day moving average is $2.36.

Institutional Trading of Research Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. purchased a new position in Research Solutions in the 2nd quarter worth approximately $5,922,000. Bard Associates Inc. purchased a new stake in Research Solutions during the 2nd quarter valued at approximately $1,413,000. Rothschild Wealth LLC purchased a new stake in Research Solutions during the 4th quarter valued at approximately $1,049,000. North Star Investment Management Corp. bought a new stake in shares of Research Solutions during the first quarter valued at approximately $754,000. Finally, Navalign LLC raised its position in shares of Research Solutions by 154.7% during the first quarter. Navalign LLC now owns 251,126 shares of the company’s stock valued at $568,000 after buying an additional 152,546 shares during the last quarter. Institutional investors own 33.60% of the company’s stock.

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.