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

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 65,614 shares, a decrease of 35.8% from the June 30th total of 102,245 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 30,438 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RSSS. NewEdge Advisors LLC bought a new stake in shares of Research Solutions in the 1st quarter valued at about $71,000. Acadian Asset Management LLC boosted its stake in shares of Research Solutions by 83.7% during the first quarter. Acadian Asset Management LLC now owns 87,327 shares of the company’s stock valued at $225,000 after purchasing an additional 39,789 shares in the last quarter. Topline Capital Management LLC bought a new position in shares of Research Solutions during the second quarter valued at approximately $125,000. Vanguard Group Inc. increased its holdings in Research Solutions by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock valued at $4,678,000 after buying an additional 42,066 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Research Solutions by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after buying an additional 3,918 shares during the period. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on RSSS. Maxim Group dropped their price objective 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. Roth Capital reiterated a “buy” rating and issued a $3.50 target price on shares of Research Solutions in a report on Friday, May 15th. Lake Street Capital lowered their price target 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. Finally, Weiss Ratings lowered shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.83.

Research Solutions Trading Down 0.9%

Shares of RSSS stock opened at $2.22 on Friday. Research Solutions has a twelve month low of $2.00 and a twelve month high of $4.12. The stock has a fifty day simple moving average of $2.25 and a two-hundred day simple moving average of $2.41. The stock has a market capitalization of $74.25 million, a price-to-earnings ratio of 15.86 and a beta of 0.74.

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

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.