Research Solutions Inc. (NASDAQ:RSSS) Short Interest Up 131.9% in February

Research Solutions Inc. (NASDAQ:RSSS) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 38,410 shares, a growth of 131.9% from the January 29th total of 16,565 shares. Based on an average trading volume of 84,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 84,600 shares, the short-interest ratio is presently 0.5 days.

Research Solutions Stock Performance

Shares of NASDAQ RSSS opened at $2.38 on Friday. Research Solutions has a one year low of $2.32 and a one year high of $4.12. The business has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $3.04. The firm has a market capitalization of $78.30 million, a PE ratio of 19.83 and a beta of 0.75.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $11.79 million during the quarter, compared to analysts’ expectations of $12.16 million. Research Solutions had a return on equity of 26.71% and a net margin of 7.87%. Research analysts anticipate that Research Solutions will post 0.05 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSSS. Maxim Group set a $5.00 target price on Research Solutions in a research report on Friday, February 13th. Wall Street Zen raised Research Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Weiss Ratings raised shares of Research Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Zacks Research downgraded shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Roth Mkm restated a “buy” rating and set a $5.00 price target on shares of Research Solutions in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RSSS. Rothschild Wealth LLC acquired a new position in Research Solutions during the fourth quarter valued at approximately $1,049,000. Topline Capital Management LLC grew its stake in Research Solutions by 461.4% in the 3rd quarter. Topline Capital Management LLC now owns 244,928 shares of the company’s stock valued at $914,000 after buying an additional 201,299 shares during the last quarter. Navalign LLC bought a new position in Research Solutions in the 3rd quarter worth $536,000. Hillsdale Investment Management Inc. bought a new position in Research Solutions in the 4th quarter worth $288,000. Finally, Punch & Associates Investment Management Inc. lifted its position in Research Solutions by 3.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 2,499,310 shares of the company’s stock worth $9,322,000 after acquiring an additional 81,210 shares during the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

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.