Research Solutions Inc. (NASDAQ:RSSS) Short Interest Down 62.9% in February

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

Research Solutions Stock Performance

Shares of RSSS opened at $2.31 on Wednesday. The firm has a market cap of $76.00 million, a PE ratio of 19.25 and a beta of 0.81. The firm’s 50 day moving average price is $2.65 and its 200 day moving average price is $3.01. Research Solutions has a twelve month low of $2.15 and a twelve month high of $4.12.

Research Solutions (NASDAQ:RSSS) last posted its earnings results on Thursday, February 12th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Research Solutions had a return on equity of 26.71% and a net margin of 7.87%.The business had revenue of $11.79 million during the quarter, compared to the consensus estimate of $12.16 million. On average, sell-side analysts anticipate that Research Solutions will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Research Solutions

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in Research Solutions during the fourth quarter valued at about $65,000. Jane Street Group LLC boosted its stake in shares of 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 acquiring an additional 15,438 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Research Solutions during the 1st quarter worth about $71,000. Goldman Sachs Group Inc. increased its holdings in shares of Research Solutions by 18.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after acquiring an additional 6,729 shares during the last quarter. Finally, Heron Bay Capital Management increased its holdings in shares of Research Solutions by 230.7% during the 3rd quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock valued at $162,000 after acquiring an additional 30,212 shares during the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

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.