Research Solutions Inc. (NASDAQ:RSSS) Short Interest Down 22.2% in December

Research Solutions Inc. (NASDAQ:RSSS) was the target of a significant drop in short interest in the month of 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. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 56,658 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Research Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evernest Financial Advisors LLC acquired a new stake in Research Solutions during the 2nd quarter valued at $35,000. NewEdge Advisors LLC acquired a new position in shares of Research Solutions in the first quarter worth $71,000. Topline Capital Management LLC purchased a new stake in shares of Research Solutions in the second quarter valued at $125,000. Heron Bay Capital Management boosted its stake in shares of Research Solutions by 230.7% during the third 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. Finally, Ashford Capital Management Inc. acquired a new stake in shares of Research Solutions during the third quarter valued at $186,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings cut Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Zacks Research downgraded shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Roth Capital reissued a “buy” rating and issued a $5.00 price objective on shares of Research Solutions in a research report on Friday, November 14th. Finally, Wall Street Zen upgraded shares of Research Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

Research Solutions Price Performance

Shares of NASDAQ:RSSS traded down $0.07 on Monday, reaching $2.83. The company’s stock had a trading volume of 49,325 shares, compared to its average volume of 43,472. Research Solutions has a 52-week low of $2.32 and a 52-week high of $4.12. The stock’s 50-day moving average is $2.94 and its two-hundred day moving average is $3.07. The stock has a market capitalization of $93.02 million, a P/E ratio of 94.33 and a beta of 0.73.

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

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.