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

Research Solutions, Inc. (NASDAQ:RSSS) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 41,400 shares, an increase of 56.2% from the November 30th total of 26,500 shares. Based on an average daily volume of 119,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Research Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position in Research Solutions by 36.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 136,932 shares of the company’s stock worth $349,000 after acquiring an additional 36,599 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Research Solutions by 12.6% during the second quarter. Renaissance Technologies LLC now owns 117,100 shares of the company’s stock worth $299,000 after purchasing an additional 13,089 shares during the period. Luxor Capital Group LP acquired a new stake in shares of Research Solutions in the second quarter valued at approximately $411,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Research Solutions by 8.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 187,122 shares of the company’s stock valued at $511,000 after buying an additional 14,950 shares during the period. Finally, Bard Associates Inc. boosted its stake in shares of Research Solutions by 1.4% in the third quarter. Bard Associates Inc. now owns 626,725 shares of the company’s stock valued at $1,711,000 after buying an additional 8,455 shares during the period. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Price Performance

RSSS opened at $4.14 on Friday. The business has a fifty day simple moving average of $3.27 and a 200 day simple moving average of $2.88. Research Solutions has a 1 year low of $2.38 and a 1 year high of $4.19. The company has a market capitalization of $134.60 million, a PE ratio of -51.75, a price-to-earnings-growth ratio of 4.42 and a beta of 0.60.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.