Short Interest in Research Solutions, Inc. (NASDAQ:RSSS) Declines By 74.2%

Research Solutions, Inc. (NASDAQ:RSSS - Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 10,600 shares, a drop of 74.2% from the March 31st total of 41,100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 61,000 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Lake Street Capital assumed coverage on shares of Research Solutions in a report on Tuesday. They issued a "buy" rating and a $5.00 target price for the company.

Insiders Place Their Bets

In other news, major shareholder Peter Derycz sold 40,402 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.87, for a total transaction of $115,953.74. Following the completion of the sale, the insider now owns 2,984,680 shares of the company's stock, valued at approximately $8,566,031.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 26.47% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RSSS. Kestra Private Wealth Services LLC purchased a new position in shares of Research Solutions in the third quarter worth $61,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Research Solutions by 5.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 103,304 shares of the company's stock valued at $258,000 after purchasing an additional 4,977 shares during the last quarter. Ridgewood Investments LLC grew its position in shares of Research Solutions by 8.1% during the fourth quarter. Ridgewood Investments LLC now owns 124,937 shares of the company's stock valued at $325,000 after purchasing an additional 9,400 shares in the last quarter. First Dallas Securities Inc. bought a new stake in shares of Research Solutions in the third quarter worth about $387,000. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of Research Solutions by 1.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 384,600 shares of the company's stock worth $962,000 after buying an additional 4,600 shares in the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

Shares of Research Solutions stock traded down $0.12 during trading hours on Thursday, hitting $3.00. The company's stock had a trading volume of 16,584 shares, compared to its average volume of 55,105. Research Solutions has a 12-month low of $1.80 and a 12-month high of $3.50. The business has a 50 day moving average price of $3.08 and a two-hundred day moving average price of $2.73. The company has a market cap of $97.86 million, a PE ratio of -150.00 and a beta of 0.60.

Research Solutions Company Profile

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.

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