Short Interest in Research Solutions Inc. (NASDAQ:RSSS) Expands By 39.0%

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 - Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 21,400 shares, anincreaseof39.0% from the July 15th total of 15,400 shares. Based on an average daily volume of 50,700 shares, the short-interest ratio is presently 0.4 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average daily volume of 50,700 shares, the short-interest ratio is presently 0.4 days.

Research Solutions Trading Up 1.2%

Shares of RSSS traded up $0.0350 during midday trading on Monday, reaching $2.9850. 51,180 shares of the company were exchanged, compared to its average volume of 81,702. The stock has a 50-day moving average price of $2.80 and a 200-day moving average price of $2.85. The company has a market cap of $96.89 million, a price-to-earnings ratio of -21.32, a P/E/G ratio of 3.27 and a beta of 0.67. Research Solutions has a 1-year low of $2.32 and a 1-year high of $4.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RSSS. Evernest Financial Advisors LLC acquired a new position in shares of Research Solutions in the second quarter worth about $35,000. Cubist Systematic Strategies LLC acquired a new stake in Research Solutions during the fourth quarter valued at approximately $56,000. Schonfeld Strategic Advisors LLC acquired a new stake in Research Solutions during the fourth quarter valued at approximately $62,000. Millennium Management LLC acquired a new stake in Research Solutions during the fourth quarter valued at approximately $65,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Research Solutions during the 1st quarter worth approximately $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.