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

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 20,160 shares, a decrease of 30.4% from the March 31st total of 28,954 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 46,689 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RSSS. Rothschild Wealth LLC purchased a new position in shares of Research Solutions during the 4th quarter worth approximately $1,049,000. North Star Investment Management Corp. purchased a new position in shares of Research Solutions during the 1st quarter worth approximately $754,000. Topline Capital Management LLC boosted its position in Research Solutions by 461.4% during the third quarter. Topline Capital Management LLC now owns 244,928 shares of the company’s stock worth $914,000 after acquiring an additional 201,299 shares during the last quarter. Navalign LLC acquired a new stake in Research Solutions during the third quarter worth approximately $536,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Research Solutions during the fourth quarter worth approximately $288,000. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

Shares of RSSS remained flat at $2.45 during mid-day trading on Tuesday. 36,100 shares of the stock were exchanged, compared to its average volume of 62,180. The stock’s 50-day simple moving average is $2.39 and its 200-day simple moving average is $2.76. Research Solutions has a fifty-two week low of $2.15 and a fifty-two week high of $4.12. The company has a market cap of $80.61 million, a P/E ratio of 20.41 and a beta of 0.77.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Research Solutions had a return on equity of 26.71% and a net margin of 7.87%.The business had revenue of $11.79 million for the quarter, compared to analysts’ expectations of $12.16 million. On average, equities research analysts predict that Research Solutions will post 0.09 EPS 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.