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

Research Solutions Inc. (NASDAQ:RSSS) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 102,245 shares, an increase of 77.7% from the June 15th total of 57,539 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 49,284 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

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

Research Solutions Stock Up 0.5%

Shares of Research Solutions stock traded up $0.01 during midday trading on Friday, hitting $2.21. The company’s stock had a trading volume of 27,262 shares, compared to its average volume of 32,741. Research Solutions has a 1-year low of $2.00 and a 1-year high of $4.12. The firm has a market capitalization of $73.92 million, a P/E ratio of 15.79 and a beta of 0.74. The stock has a 50-day simple moving average of $2.28 and a 200-day simple moving average of $2.46.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC bought a new stake in Research Solutions in the first quarter worth $71,000. Acadian Asset Management LLC grew its position in shares of Research Solutions by 83.7% in the first quarter. Acadian Asset Management LLC now owns 87,327 shares of the company’s stock valued at $225,000 after purchasing an additional 39,789 shares during the last quarter. Topline Capital Management LLC acquired a new stake in shares of Research Solutions in the second quarter valued at about $125,000. Vanguard Group Inc. increased its stake in shares of Research Solutions by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock worth $4,678,000 after purchasing an additional 42,066 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Research Solutions by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock worth $252,000 after purchasing an additional 3,918 shares during the last quarter. Institutional investors own 33.60% of the company’s stock.

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.