Research Solutions Inc. (NASDAQ:RSSS) Short Interest Up 77.7% in June

Research Solutions Inc. (NASDAQ:RSSS) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 102,245 shares, an increase of 77.7% from the June 15th total of 57,539 shares. Based on an average daily trading volume, of 49,284 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of Research Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of RSSS. Rothschild Wealth LLC bought a new position in Research Solutions in the 4th quarter valued at about $1,049,000. North Star Investment Management Corp. acquired a new position in Research Solutions during the 1st quarter valued at about $754,000. Navalign LLC increased its holdings in Research Solutions by 154.7% during the 1st quarter. Navalign LLC now owns 251,126 shares of the company’s stock worth $568,000 after purchasing an additional 152,546 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Research Solutions during the 4th quarter worth approximately $288,000. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of Research Solutions by 3.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 2,499,310 shares of the company’s stock worth $9,322,000 after purchasing an additional 81,210 shares during the last quarter. Institutional investors own 33.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on RSSS. Maxim Group dropped their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Roth Capital reiterated a “buy” rating and set a $3.50 price target on shares of Research Solutions in a report on Friday, May 15th. Weiss Ratings downgraded Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, Lake Street Capital lowered their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Research Solutions has an average rating of “Moderate Buy” and an average target price of $3.83.

Research Solutions Stock Performance

Shares of NASDAQ:RSSS opened at $2.21 on Friday. The business’s 50 day simple moving average is $2.28 and its two-hundred day simple moving average is $2.46. The firm has a market cap of $73.92 million, a P/E ratio of 15.79 and a beta of 0.74. Research Solutions has a 52-week low of $2.00 and a 52-week high of $4.12.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Research Solutions had a net margin of 9.28% and a return on equity of 27.45%. The firm had revenue of $12.12 million for the quarter, compared to the consensus estimate of $12.37 million. On average, equities analysts forecast that Research Solutions will post 0.09 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.