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

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 58,719 shares, a growth of 163.1% from the May 14th total of 22,319 shares. Based on an average daily volume of 97,695 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Research Solutions

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Research Solutions by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after purchasing an additional 3,918 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Research Solutions by 18.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after purchasing an additional 6,729 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Research Solutions by 4.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after purchasing an additional 7,500 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Research Solutions by 5.7% in the 4th quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock valued at $642,000 after purchasing an additional 11,756 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Research Solutions by 4.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock valued at $851,000 after purchasing an additional 13,483 shares during the last quarter. 33.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Research Solutions Stock Up 3.6%

NASDAQ RSSS traded up $0.08 during trading on Friday, hitting $2.33. 69,474 shares of the stock traded hands, compared to its average volume of 71,472. The company has a market capitalization of $77.94 million, a P/E ratio of 16.64 and a beta of 0.77. The firm has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $2.58. Research Solutions has a 12-month low of $2.00 and a 12-month high of $4.12.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share 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%. As a group, 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.