Research Solutions Inc. (NASDAQ:RSSS) Sees Significant Decline in Short Interest

Research Solutions Inc. (NASDAQ:RSSS) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 14,231 shares, a decline of 22.2% from the December 15th total of 18,291 shares. Based on an average daily trading volume, of 56,658 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 56,658 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen raised Research Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Roth Capital reissued a “buy” rating and issued a $5.00 price objective on shares of Research Solutions in a report on Friday, November 14th. Zacks Research cut Research Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings downgraded shares of Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Research Solutions Stock Down 2.4%

Shares of NASDAQ:RSSS traded down $0.07 during trading on Friday, hitting $2.83. 49,325 shares of the stock traded hands, compared to its average volume of 43,472. The company has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $3.07. Research Solutions has a 52-week low of $2.32 and a 52-week high of $4.12. The company has a market cap of $93.01 million, a price-to-earnings ratio of 94.33 and a beta of 0.73.

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

Institutional Investors Weigh In On Research Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSSS. Evernest Financial Advisors LLC purchased a new position in Research Solutions during the second quarter valued at $35,000. NewEdge Advisors LLC acquired a new position in shares of Research Solutions during the 1st quarter worth about $71,000. Heron Bay Capital Management lifted its stake in Research Solutions by 230.7% in the 3rd quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock valued at $162,000 after buying an additional 30,212 shares in the last quarter. Topline Capital Management LLC purchased a new position in Research Solutions in the 2nd quarter valued at about $125,000. Finally, Ashford Capital Management Inc. acquired a new stake in Research Solutions in the 3rd 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.