Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Down 20.8% in April

Research Solutions, Inc. (NASDAQ:RSSSGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 8,400 shares, a decrease of 20.8% from the March 31st total of 10,600 shares. Based on an average daily volume of 23,400 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cove Street Capital LLC lifted its position in Research Solutions by 3.9% in the first quarter. Cove Street Capital LLC now owns 2,405,978 shares of the company’s stock valued at $5,125,000 after buying an additional 89,896 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Research Solutions by 18.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 58,625 shares of the company’s stock worth $125,000 after purchasing an additional 9,271 shares in the last quarter. Cowen Prime Advisors LLC lifted its position in shares of Research Solutions by 21.9% during the fourth quarter. Cowen Prime Advisors LLC now owns 503,000 shares of the company’s stock worth $1,237,000 after purchasing an additional 90,500 shares in the last quarter. Samjo Capital LLC lifted its position in shares of Research Solutions by 42.2% during the fourth quarter. Samjo Capital LLC now owns 1,280,000 shares of the company’s stock worth $3,149,000 after purchasing an additional 380,000 shares in the last quarter. Finally, Navalign LLC lifted its position in shares of Research Solutions by 105.4% during the fourth quarter. Navalign LLC now owns 47,800 shares of the company’s stock worth $118,000 after purchasing an additional 24,530 shares in the last quarter. 28.63% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on RSSS. Maxim Group began coverage on shares of Research Solutions in a report on Friday, February 11th. They issued a “buy” rating and a $6.00 price objective for the company. Zacks Investment Research raised shares of Research Solutions from a “sell” rating to a “hold” rating in a report on Thursday, January 13th.

NASDAQ RSSS opened at $1.93 on Thursday. The firm’s 50-day moving average is $2.11 and its two-hundred day moving average is $2.25. Research Solutions has a 12 month low of $1.90 and a 12 month high of $3.26. The stock has a market capitalization of $52.31 million, a P/E ratio of -64.33 and a beta of 0.52.

Research Solutions (NASDAQ:RSSSGet Rating) last posted its earnings results on Thursday, February 10th. The company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). Research Solutions had a negative net margin of 2.78% and a negative return on equity of 17.15%. The company had revenue of $7.87 million for the quarter, compared to analysts’ expectations of $7.82 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. On average, equities research analysts anticipate that Research Solutions will post -0.07 EPS for the current fiscal year.

Research Solutions Company Profile (Get Rating)

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.

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