Research Solutions Inc. (NASDAQ:RSSS) Short Interest Down 30.0% in August

Key Points

• Research Solutions Inc. experienced a 30% decline in short interest in August, with totals dropping from 20,000 to 14,000 shares as of August 31st.
• The company's stock is currently priced at $3.37 with a market capitalization of $109.39 million and a P/E ratio of -24.07.
• Institutional investors own 33.60% of Research Solutions, with recent investments from firms like Northern Trust Corp and Millennium Management LLC.

Research Solutions Inc. (NASDAQ:RSSS - ) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 14,000 shares, a decline of 30.0% from the August 15th total of 20,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 60,700 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 60,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Research Solutions Price Performance

Research Solutions stock opened at $3.37 on Tuesday. The stock has a market capitalization of $109.39 million, a P/E ratio of -24.07, a P/E/G ratio of 3.66 and a beta of 0.66. Research Solutions has a 12-month low of $2.32 and a 12-month high of $4.24. The firm's 50-day moving average is $2.91 and its two-hundred day moving average is $2.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp grew its holdings in shares of Research Solutions by 13.2% during the 4th quarter. Northern Trust Corp now owns 42,706 shares of the company's stock worth $177,000 after purchasing an additional 4,989 shares during the period. Evernest Financial Advisors LLC acquired a new position in Research Solutions during the second quarter valued at approximately $35,000. Cubist Systematic Strategies LLC acquired a new position in Research Solutions during the fourth quarter valued at approximately $56,000. Millennium Management LLC purchased a new stake in Research Solutions during the fourth quarter worth approximately $65,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Research Solutions in the first quarter worth $71,000. Institutional investors and hedge funds own 33.60% of the company's stock.

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.

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