Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Grows By 49.0%

Research Solutions Inc. (NASDAQ:RSSS) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 97,750 shares, a growth of 49.0% from the July 15th total of 65,614 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 31,732 shares, the short-interest ratio is currently 3.1 days.

Analysts Set New Price Targets

Several research analysts have commented on RSSS shares. Lake Street Capital cut their target price on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Maxim Group lowered their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Research Solutions in a research note on Wednesday, August 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $3.50 target price on shares of Research Solutions in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.83.

Institutional Trading of Research Solutions

Several large investors have recently modified their holdings of RSSS. Punch & Associates Investment Management Inc. bought a new stake in Research Solutions in the second quarter valued at $5,922,000. Bard Associates Inc. bought a new position in shares of Research Solutions during the 2nd quarter worth about $1,413,000. Rothschild Wealth LLC acquired a new stake in shares of Research Solutions in the 4th quarter valued at about $1,049,000. North Star Investment Management Corp. acquired a new stake in shares of Research Solutions in the 1st quarter valued at about $754,000. Finally, Navalign LLC increased its position in Research Solutions by 154.7% in the 1st quarter. Navalign LLC now owns 251,126 shares of the company’s stock valued at $568,000 after buying an additional 152,546 shares in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Price Performance

NASDAQ RSSS opened at $2.21 on Thursday. The business has a 50 day simple moving average of $2.25 and a 200 day simple moving average of $2.35. Research Solutions has a one year low of $2.00 and a one year high of $4.12. The stock has a market capitalization of $73.92 million, a P/E ratio of 15.79 and a beta of 0.75.

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.