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

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Research Solutions Inc. (NASDAQ:RSSS - Get Free Report) saw a large decline in short interest during 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. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 57,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parthenon LLC lifted its stake in shares of Research Solutions by 7.1% in the 4th quarter. Parthenon LLC now owns 392,284 shares of the company's stock valued at $1,628,000 after purchasing an additional 26,000 shares during the last quarter. Bard Associates Inc. increased its position in shares of Research Solutions by 3.6% during the fourth quarter. Bard Associates Inc. now owns 649,321 shares of the company's stock valued at $2,695,000 after acquiring an additional 22,596 shares during the last quarter. King Luther Capital Management Corp purchased a new stake in shares of Research Solutions in the 4th quarter valued at approximately $415,000. Heron Bay Capital Management purchased a new position in shares of Research Solutions during the 4th quarter worth approximately $50,000. Finally, Geode Capital Management LLC lifted its stake in Research Solutions by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 263,600 shares of the company's stock worth $1,094,000 after purchasing an additional 25,141 shares in the last quarter. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Research Solutions Stock Up 0.7%

Shares of Research Solutions stock traded up $0.02 during mid-day trading on Thursday, hitting $2.79. The stock had a trading volume of 26,588 shares, compared to its average volume of 84,030. The firm has a 50-day moving average of $2.77 and a two-hundred day moving average of $3.22. The firm has a market cap of $90.56 million, a P/E ratio of -19.93, a price-to-earnings-growth ratio of 3.69 and a beta of 0.65. Research Solutions has a 12-month low of $2.32 and a 12-month high of $4.24.

About Research Solutions

(Get Free Report)

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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