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

Research Solutions Inc. (NASDAQ:RSSS - Get Free Report) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 12,300 shares, a decline of 37.2% from the May 15th total of 19,600 shares. Based on an average daily volume of 57,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. King Luther Capital Management Corp bought a new position in Research Solutions during the 4th quarter valued at about $415,000. Renaissance Technologies LLC lifted its position in Research Solutions by 78.5% during the fourth quarter. Renaissance Technologies LLC now owns 220,900 shares of the company's stock valued at $917,000 after purchasing an additional 97,154 shares during the last quarter. Needham Investment Management LLC boosted its holdings in shares of Research Solutions by 1.7% in the 1st quarter. Needham Investment Management LLC now owns 2,930,000 shares of the company's stock worth $7,618,000 after purchasing an additional 50,000 shares during the period. Acadian Asset Management LLC raised its position in Research Solutions by 83.7% in the 1st quarter. Acadian Asset Management LLC now owns 87,327 shares of the company's stock worth $225,000 after purchasing an additional 39,789 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of Research Solutions by 1.6% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,367,771 shares of the company's stock worth $6,156,000 after purchasing an additional 37,651 shares during the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

Research Solutions stock traded up $0.02 during midday trading on Wednesday, reaching $2.79. 26,588 shares of the stock were exchanged, compared to its average volume of 84,030. The firm has a market cap of $90.56 million, a PE ratio of -19.93, a PEG ratio of 3.69 and a beta of 0.65. Research Solutions has a 52 week low of $2.32 and a 52 week high of $4.24. The company's fifty day moving average is $2.77 and its 200-day moving average is $3.22.

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.