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

Research Solutions Inc. (NASDAQ:RSSS) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 18,291 shares, a drop of 25.2% from the November 30th total of 24,443 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 84,449 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 84,449 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Research Solutions Stock Performance

Shares of RSSS remained flat at $2.94 during mid-day trading on Wednesday. 20,672 shares of the company’s stock were exchanged, compared to its average volume of 88,951. The firm has a market capitalization of $96.63 million, a PE ratio of 98.00 and a beta of 0.72. The company’s fifty day simple moving average is $3.02 and its two-hundred day simple moving average is $3.07. Research Solutions has a 52 week low of $2.32 and a 52 week high of $4.24.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Research Solutions had a return on equity of 10.37% and a net margin of 2.73%.The firm had revenue of $12.31 million for the quarter, compared to analyst estimates of $12.29 million. On average, equities research analysts expect that Research Solutions will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

RSSS has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Research Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Research Solutions in a research note on Monday. Roth Capital reissued a “buy” rating and set a $5.00 price target on shares of Research Solutions in a research note on Friday, November 14th. Finally, Zacks Research upgraded Research Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $5.00.

Institutional Investors Weigh In On Research Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Evernest Financial Advisors LLC purchased a new position in shares of Research Solutions in the second quarter valued at $35,000. NewEdge Advisors LLC acquired a new stake in Research Solutions in the first quarter worth about $71,000. Heron Bay Capital Management boosted its holdings in shares of Research Solutions by 230.7% in the third quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock valued at $162,000 after acquiring an additional 30,212 shares in the last quarter. Topline Capital Management LLC acquired a new position in shares of Research Solutions during the 2nd quarter valued at $125,000. Finally, Ashford Capital Management Inc. acquired a new position in Research Solutions during the third quarter worth about $186,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

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.