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

Research Solutions, Inc. (NASDAQ:RSSS) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 33,200 shares, a decline of 18.2% from the September 30th total of 40,600 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 33,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Research Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSSS. Renaissance Technologies LLC raised its holdings in 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 in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Research Solutions by 36.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 136,932 shares of the company’s stock valued at $349,000 after acquiring an additional 36,599 shares during the period. Luxor Capital Group LP acquired a new position in shares of Research Solutions in the 2nd quarter valued at $411,000. Dynamic Advisor Solutions LLC increased its holdings in shares of Research Solutions by 41.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 172,172 shares of the company’s stock valued at $439,000 after acquiring an additional 50,655 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Research Solutions in the 1st quarter valued at $561,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Trading Down 1.1 %

RSSS stock opened at $2.62 on Monday. Research Solutions has a twelve month low of $2.21 and a twelve month high of $3.50. The company’s 50 day moving average is $2.72 and its two-hundred day moving average is $2.73. The stock has a market cap of $85.25 million, a P/E ratio of -18.68, a PEG ratio of 9.07 and a beta of 0.57.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, September 19th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Research Solutions had a negative net margin of 8.49% and a negative return on equity of 4.71%. The company had revenue of $12.13 million for the quarter, compared to analysts’ expectations of $11.50 million. On average, equities research analysts predict that Research Solutions will post 0.02 earnings per share for the current year.

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.