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

Research Solutions Inc. (NASDAQ:RSSSGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 97,750 shares, an increase of 49.0% from the July 15th total of 65,614 shares. Based on an average daily volume of 31,732 shares, the short-interest ratio is currently 3.1 days. Currently, 0.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RSSS. Lake Street Capital lowered their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Roth Capital restated a “buy” rating and issued a $3.50 price objective on shares of Research Solutions in a report on Friday, May 15th. Maxim Group lowered their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th. 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 a consensus rating of “Moderate Buy” and a consensus price target of $3.83.

View Our Latest Analysis on RSSS

Research Solutions Stock Performance

Shares of RSSS stock traded up $0.03 during trading hours on Wednesday, reaching $2.25. The company had a trading volume of 6,862 shares, compared to its average volume of 60,922. Research Solutions has a 12-month low of $2.00 and a 12-month high of $4.12. The company has a market capitalization of $75.43 million, a price-to-earnings ratio of 16.11 and a beta of 0.75. The stock has a fifty day moving average of $2.25 and a 200-day moving average of $2.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSSS. Punch & Associates Investment Management Inc. purchased a new stake in shares of Research Solutions in the second quarter valued at about $5,922,000. Bard Associates Inc. purchased a new position in Research Solutions during the second quarter worth about $1,413,000. BlackRock Inc. purchased a new position in Research Solutions during the second quarter worth about $332,000. Dynamic Advisor Solutions LLC boosted its holdings in Research Solutions by 15.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock valued at $848,000 after purchasing an additional 47,907 shares during the last quarter. Finally, Navalign LLC grew its stake in shares of 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 during the period. Institutional investors and hedge funds own 33.60% of the company’s stock.

About Research Solutions

(Get Free Report)

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.

Further Reading

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