Research Solutions, Inc. (NASDAQ:RSSS) Sees Large Drop in Short Interest

Research Solutions, Inc. (NASDAQ:RSSS) was the target of a large 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 57,000 shares, the days-to-cover ratio is currently 0.2 days.

Research Solutions Stock Down 5.0%

RSSS opened at $2.64 on Tuesday. Research Solutions has a 52 week low of $2.32 and a 52 week high of $4.24. The business has a 50 day moving average price of $2.76 and a two-hundred day moving average price of $3.22. The company has a market cap of $85.69 million, a PE ratio of -17.60, a P/E/G ratio of 4.33 and a beta of 0.65.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Needham Investment Management LLC lifted its stake in shares of Research Solutions by 1.7% during the first quarter. Needham Investment Management LLC now owns 2,930,000 shares of the company’s stock valued at $7,618,000 after buying an additional 50,000 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in Research Solutions by 1.6% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,367,771 shares of the company’s stock valued at $6,156,000 after buying an additional 37,651 shares during the period. Bard Associates Inc. increased its stake in shares of Research Solutions by 3.6% during the 4th 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. Parthenon LLC increased its stake in shares of Research Solutions by 7.1% during the 4th quarter. Parthenon LLC now owns 392,284 shares of the company’s stock valued at $1,628,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Research Solutions by 10.5% during the 4th 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. 33.60% of the stock is currently owned by institutional investors and hedge funds.

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.