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

Key Points

• Research Solutions Inc. (NASDAQ:RSSS) experienced a notable increase in short interest, jumping by 39.0% from mid-July, totaling 21,400 shares by the end of July.
• The company's stock opened at $2.84 with a market capitalization of $92.18 million and a 52-week trading range between $2.32 and $4.24.
• Institutional investors hold 33.60% of the stock, with significant recent acquisitions from hedge funds like Geode Capital Management and Renaissance Technologies.

Research Solutions Inc. (NASDAQ:RSSS - ) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 21,400 shares, anincreaseof39.0% from the July 15th total of 15,400 shares. Approximately0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 50,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 50,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately0.1% of the shares of the company are sold short.

Research Solutions Stock Performance

NASDAQ:RSSS opened at $2.84 on Wednesday. Research Solutions has a 52 week low of $2.32 and a 52 week high of $4.24. The firm has a market cap of $92.18 million, a price-to-earnings ratio of -20.28, a P/E/G ratio of 3.19 and a beta of 0.67. The firm's 50-day simple moving average is $2.79 and its 200 day simple moving average is $2.88.

Hedge Funds Weigh In On Research Solutions

A number of hedge funds have recently bought and sold shares of RSSS. Geode Capital Management LLC increased its position 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 acquiring an additional 25,141 shares during the period. Renaissance Technologies LLC increased its holdings in Research Solutions by 78.5% in the 4th quarter. Renaissance Technologies LLC now owns 220,900 shares of the company's stock valued at $917,000 after buying an additional 97,154 shares during the period. Marshall Wace LLP bought a new position in Research Solutions in the 4th quarter valued at about $112,000. Northern Trust Corp increased its holdings in Research Solutions by 13.2% in the 4th quarter. Northern Trust Corp now owns 42,706 shares of the company's stock valued at $177,000 after buying an additional 4,989 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in Research Solutions in the 4th quarter valued at about $62,000. 33.60% of the stock is owned by institutional investors.

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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