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

Research Solutions Inc. (NASDAQ:RSSS) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 58,719 shares, an increase of 163.1% from the May 14th total of 22,319 shares. Based on an average daily trading volume, of 97,695 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

RSSS has been the subject of several research reports. Weiss Ratings cut shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Lake Street Capital reduced their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Roth Mkm restated a “buy” rating and set a $3.50 price target on shares of Research Solutions in a research note on Friday, May 15th. Finally, Maxim Group cut their price target 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.83.

Research Solutions Stock Up 3.6%

RSSS traded up $0.08 during midday trading on Friday, reaching $2.33. 69,474 shares of the company’s stock were exchanged, compared to its average volume of 92,022. The firm has a market capitalization of $77.94 million, a price-to-earnings ratio of 16.64 and a beta of 0.77. Research Solutions has a one year low of $2.00 and a one year high of $4.12. The business has a 50-day simple moving average of $2.38 and a two-hundred day simple moving average of $2.58.

Research Solutions (NASDAQ:RSSS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $12.12 million for the quarter, compared to the consensus estimate of $12.37 million. Research Solutions had a return on equity of 27.45% and a net margin of 9.28%. As a group, research analysts anticipate that Research Solutions will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Research Solutions by 6.1% in the third 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. Goldman Sachs Group Inc. raised its stake in shares of Research Solutions by 18.6% in the fourth 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. Hodges Capital Management Inc. raised its stake in shares of Research Solutions by 4.2% in the third quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after acquiring an additional 7,500 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Research Solutions by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock valued at $642,000 after acquiring an additional 11,756 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of Research Solutions by 4.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock valued at $851,000 after acquiring an additional 13,483 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.