Research Solutions, Inc. (NASDAQ:RSSS) Sees Significant Increase in Short Interest

Research Solutions, Inc. (NASDAQ:RSSS - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 41,100 shares, an increase of 28.0% from the March 15th total of 32,100 shares. Based on an average daily volume of 59,900 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company's shares are sold short.

Insider Buying and Selling at Research Solutions

In other Research Solutions news, major shareholder Peter Derycz sold 20,113 shares of the business's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $2.60, for a total value of $52,293.80. Following the completion of the transaction, the insider now owns 3,068,174 shares in the company, valued at $7,977,252.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 93,436 shares of company stock valued at $255,400 over the last quarter. 26.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Research Solutions

Several large investors have recently bought and sold shares of the stock. Cove Street Capital LLC raised its holdings in shares of Research Solutions by 50.9% in the third quarter. Cove Street Capital LLC now owns 3,557,847 shares of the company's stock valued at $8,147,000 after buying an additional 1,200,350 shares during the last quarter. Needham Investment Management LLC raised its holdings in shares of Research Solutions by 70.0% in the fourth quarter. Needham Investment Management LLC now owns 1,275,000 shares of the company's stock valued at $3,315,000 after buying an additional 525,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Research Solutions by 42.4% in the first quarter. Vanguard Group Inc. now owns 850,026 shares of the company's stock valued at $1,810,000 after buying an additional 252,932 shares during the last quarter. First Dallas Securities Inc. purchased a new stake in shares of Research Solutions in the third quarter valued at about $387,000. Finally, Royal Bank of Canada raised its holdings in Research Solutions by 15.6% during the third quarter. Royal Bank of Canada now owns 224,136 shares of the company's stock worth $457,000 after purchasing an additional 30,290 shares in the last quarter. Institutional investors and hedge funds own 33.60% of the company's stock.

Research Solutions Trading Up 1.8 %

Shares of RSSS stock traded up $0.06 on Monday, reaching $3.11. 30,738 shares of the stock were exchanged, compared to its average volume of 58,027. The business's 50 day moving average price is $3.05 and its 200 day moving average price is $2.70. The company has a market capitalization of $101.29 million, a price-to-earnings ratio of -155.25 and a beta of 0.60. Research Solutions has a twelve month low of $1.80 and a twelve month high of $3.50.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.