Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Up 75.5% in March

Research Solutions, Inc. (NASDAQ:RSSS) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 73,700 shares, an increase of 75.5% from the February 28th total of 42,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 128,000 shares, the short-interest ratio is currently 0.6 days.

Research Solutions Trading Down 1.9 %

RSSS traded down $0.05 during midday trading on Friday, hitting $2.65. The company’s stock had a trading volume of 28,290 shares, compared to its average volume of 87,449. Research Solutions has a 52-week low of $2.38 and a 52-week high of $4.24. The firm has a 50-day moving average price of $3.32 and a two-hundred day moving average price of $3.25. The firm has a market cap of $86.51 million, a P/E ratio of -17.67, a PEG ratio of 4.33 and a beta of 0.55.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Thursday, February 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. The company had revenue of $11.91 million during the quarter, compared to analysts’ expectations of $11.86 million. On average, equities analysts expect that Research Solutions will post 0.05 EPS for the current year.

Institutional Trading of Research Solutions

Several institutional investors have recently made changes to their positions in RSSS. Luxor Capital Group LP boosted its holdings in Research Solutions by 122.4% in the third quarter. Luxor Capital Group LP now owns 358,608 shares of the company’s stock valued at $979,000 after acquiring an additional 197,346 shares during the last quarter. White Pine Capital LLC raised its holdings in shares of Research Solutions by 168.0% in the 4th quarter. White Pine Capital LLC now owns 118,322 shares of the company’s stock worth $491,000 after purchasing an additional 74,174 shares during the period. Geode Capital Management LLC lifted its stake in shares of Research Solutions by 36.4% in the 3rd quarter. Geode Capital Management LLC now owns 238,459 shares of the company’s stock valued at $651,000 after purchasing an additional 63,581 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Research Solutions by 63.8% during the 4th quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company’s stock worth $2,135,000 after purchasing an additional 200,480 shares during the period. Finally, Bard Associates Inc. lifted its position in 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 buying an additional 22,596 shares in the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

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.