Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Decreases By 22.2%

Research Solutions Inc. (NASDAQ:RSSS) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 14,231 shares, a drop of 22.2% from the December 15th total of 18,291 shares. Based on an average daily volume of 56,658 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 56,658 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RSSS. Zacks Research downgraded shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Roth Capital reissued a “buy” rating and issued a $5.00 price target on shares of Research Solutions in a research report on Friday, November 14th. 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. Finally, Weiss Ratings lowered Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

Research Solutions Stock Performance

NASDAQ:RSSS remained flat at $2.83 during mid-day trading on Tuesday. 31,144 shares of the company’s stock were exchanged, compared to its average volume of 40,567. The stock has a market capitalization of $93.02 million, a PE ratio of 94.33 and a beta of 0.73. Research Solutions has a 12-month low of $2.32 and a 12-month high of $4.12. The firm’s 50 day moving average is $2.93 and its two-hundred day moving average is $3.07.

Research Solutions (NASDAQ:RSSS) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Research Solutions had a net margin of 2.73% and a return on equity of 10.37%. The firm had revenue of $12.31 million during the quarter, compared to the consensus estimate of $12.29 million. On average, equities research analysts predict that Research Solutions will post 0.05 EPS for the current fiscal year.

Institutional Trading of Research Solutions

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised 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 valued at $252,000 after acquiring an additional 3,918 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of Research Solutions by 4.2% during the 3rd quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock worth $692,000 after buying an additional 7,500 shares during the period. Evernest Financial Advisors LLC bought a new stake in shares of Research Solutions in the 2nd quarter valued at about $35,000. Dynamic Advisor Solutions LLC boosted its stake in Research Solutions by 4.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock worth $851,000 after acquiring an additional 13,483 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Research Solutions during the first quarter valued at approximately $71,000. Institutional investors and hedge funds 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.