Research Solutions Inc. (NASDAQ:RSSS) Short Interest Update

Research Solutions Inc. (NASDAQ:RSSS) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 28,954 shares, a growth of 59.2% from the March 15th total of 18,191 shares. Based on an average daily volume of 48,770 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages have issued reports on RSSS. Weiss Ratings raised Research Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Maxim Group set a $5.00 target price on shares of Research Solutions in a research report on Friday, February 13th. Finally, Zacks Research lowered shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One research 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, the company has an average rating of “Hold” and a consensus target price of $5.00.

Research Solutions Price Performance

Shares of NASDAQ RSSS traded up $0.03 during trading on Wednesday, hitting $2.36. The stock had a trading volume of 35,719 shares, compared to its average volume of 64,203. The company has a market capitalization of $77.48 million, a PE ratio of 19.63 and a beta of 0.77. Research Solutions has a 12 month low of $2.15 and a 12 month high of $4.12. The firm has a fifty day moving average of $2.39 and a two-hundred day moving average of $2.83.

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

Institutional Investors Weigh In On Research Solutions

Several institutional investors and hedge funds have recently bought and sold shares of RSSS. XTX Topco Ltd purchased a new position in shares of Research Solutions in the 4th quarter valued at approximately $65,000. Jane Street Group LLC increased its stake in shares of Research Solutions by 148.6% in the 4th quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after acquiring an additional 15,438 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Research Solutions in the 1st quarter worth about $71,000. Goldman Sachs Group Inc. lifted its position in Research Solutions by 18.6% during the 4th 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 period. Finally, Heron Bay Capital Management boosted its stake in Research Solutions by 230.7% during the third quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock worth $162,000 after acquiring an additional 30,212 shares in the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

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.