Research Solutions, Inc. (NASDAQ: RSSS – Get a rating) benefited from a significant increase in short-term interest during the month of February. As of February 15, there was short interest totaling 10,900 shares, an increase of 25.3% from the total of 8,700 shares as of January 31. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 40,000 shares, the short interest ratio is currently 0.3 days.
Shares of NASDAQ:RSSS opened at $2.08 on Tuesday. Research Solutions has a fifty-two week low of $1.92 and a fifty-two week high of $3.26. The company has a 50-day moving average of $2.21. The company has a market capitalization of $56.37 million, a PE ratio of -69.33 and a beta of 0.48.
Research Solutions (NASDAQ: RSSS – Get a rating) last announced its quarterly results on Thursday, February 10. The company reported ($0.02) earnings per share for the quarter, missing analyst consensus estimates of ($0.01) by ($0.01). Research Solutions posted a negative return on equity of 17.15% and a negative net margin of 2.78%. During the same period last year, the company posted ($0.01) earnings per share. As a group, equity analysts expect Research Solutions to post -0.07 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of RSSS. Samjo Capital LLC increased its stake in shares of Research Solutions by 42.2% in the fourth quarter. Samjo Capital LLC now owns 1,280,000 shares of the company worth $3,149,000 after purchasing an additional 380,000 shares during the period. Cove Street Capital LLC increased its stake in shares of Research Solutions by 12.6% in the third quarter. Cove Street Capital LLC now owns 2,360,363 shares of the company worth $6,184,000 after purchasing an additional 264,749 shares during the period. Hodges Capital Management Inc. increased its stake in Research Solutions shares to 97.7% in the third quarter. Hodges Capital Management Inc. now owns 340,370 shares of the company worth $891,000 after purchasing an additional 168,215 shares during the period. Cowen Prime Advisors LLC increased its stake in shares of Research Solutions by 21.9% in the fourth quarter. Cowen Prime Advisors LLC now owns 503,000 shares of the company worth $1,237,000 after purchasing an additional 90,500 shares during the period. Finally, the Royal Bank of Canada increased its stake in the shares of Research Solutions by 67.8% in the second quarter. Royal Bank of Canada now owns 133,861 shares of the company worth $383,000 after purchasing an additional 54,100 shares during the period. Institutional investors and hedge funds own 30.34% of the company’s shares.
A number of analysts have recently released RSSS stock reports. The Maxim Group began covering search solutions in a research report on Friday, February 11. They set a “buy” rating and a price target of $6.00 for the company. Zacks Investment Research upgraded Research Solutions from a “sell” to a “hold” rating in a Thursday, January 13 research report.
About search solutions (Get a rating)
Research Solutions, Inc. is a holding company engaged in the provision of information technology. Its services include platforms and transactions. The platform service offers annual licenses that allow customers to access and use certain premium features of the cloud-based software-as-a-service search intelligence platform.
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