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

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

Research Solutions Stock Up 3.6%

RSSS traded up $0.08 during midday trading on Friday, reaching $2.33. The company had a trading volume of 69,474 shares, compared to its average volume of 71,472. The business has a 50-day moving average of $2.39 and a two-hundred day moving average of $2.58. The company has a market cap of $77.94 million, a P/E ratio of 16.64 and a beta of 0.77. Research Solutions has a 1 year low of $2.00 and a 1 year high of $4.12.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $12.12 million during the quarter, compared to analysts’ expectations of $12.37 million. Research Solutions had a return on equity of 27.45% and a net margin of 9.28%. On average, equities research analysts predict that Research Solutions will post 0.09 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on RSSS. Maxim Group lowered their target price on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Roth Mkm restated a “buy” rating and issued a $3.50 price target on shares of Research Solutions in a research report on Friday, May 15th. Lake Street Capital reduced their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Weiss Ratings cut Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.83.

Institutional Trading of Research Solutions

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of Research Solutions by 18.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock worth $126,000 after purchasing an additional 6,729 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of Research Solutions during the second quarter worth about $125,000. Jane Street Group LLC grew its position in shares of Research Solutions by 148.6% during the fourth quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after purchasing an additional 15,438 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Research Solutions during the first quarter worth about $71,000. Finally, XTX Topco Ltd purchased a new stake in shares of Research Solutions during the fourth quarter worth about $65,000. 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.