Short Interest in Research Solutions, Inc. (NASDAQ:RSSS) Rises By 75.5%

Research Solutions, Inc. (NASDAQ:RSSS) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 73,700 shares, an increase of 75.5% from the February 28th total of 42,000 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 128,000 shares, the days-to-cover ratio is currently 0.6 days.

Research Solutions Stock Down 1.9 %

Shares of Research Solutions stock traded down $0.05 on Friday, reaching $2.65. The stock had a trading volume of 28,290 shares, compared to its average volume of 87,449. Research Solutions has a 1 year low of $2.38 and a 1 year high of $4.24. The company has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.25. The stock has a market capitalization of $86.51 million, a P/E ratio of -17.67, a P/E/G ratio of 4.33 and a beta of 0.55.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). Research Solutions had a negative return on equity of 6.59% and a negative net margin of 8.41%. The firm had revenue of $11.91 million during the quarter, compared to analysts’ expectations of $11.86 million. On average, analysts forecast that Research Solutions will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Research Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greenhaven Road Investment Management L.P. increased its holdings in shares of Research Solutions by 10.8% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 40,251 shares of the company’s stock valued at $167,000 after acquiring an additional 3,925 shares in the last quarter. Northern Trust Corp increased its stake in Research Solutions by 13.2% during the 4th quarter. Northern Trust Corp now owns 42,706 shares of the company’s stock valued at $177,000 after purchasing an additional 4,989 shares in the last quarter. Guerra Pan Advisors LLC purchased a new position in shares of Research Solutions in the fourth quarter worth $42,000. Heron Bay Capital Management acquired a new stake in shares of Research Solutions during the fourth quarter worth $50,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Research Solutions during the fourth quarter valued at $56,000. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Research Solutions Company Profile

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.