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

Research Solutions, Inc. (NASDAQ:RSSS) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 73,700 shares, a growth of 75.5% from the February 28th total of 42,000 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 128,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Needham Investment Management LLC grew its holdings in shares of Research Solutions by 5.5% in the 3rd quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company’s stock worth $7,849,000 after purchasing an additional 150,000 shares during the last quarter. Luxor Capital Group LP boosted its position 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 buying an additional 197,346 shares in the last quarter. Geode Capital Management LLC grew its stake in Research Solutions by 36.4% during the third quarter. Geode Capital Management LLC now owns 238,459 shares of the company’s stock worth $651,000 after buying an additional 63,581 shares during the last quarter. Guerra Pan Advisors LLC acquired a new stake in shares of Research Solutions during the fourth quarter worth approximately $42,000. Finally, Hodges Capital Management Inc. raised its stake in shares of Research Solutions by 63.8% in the fourth quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company’s stock valued at $2,135,000 after acquiring an additional 200,480 shares during the last quarter. 33.60% of the stock is currently owned by institutional investors and hedge funds.

Research Solutions Stock Down 1.9 %

NASDAQ RSSS opened at $2.65 on Monday. Research Solutions has a twelve month low of $2.38 and a twelve month high of $4.24. The stock 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. The company’s 50-day simple moving average is $3.32 and its 200 day simple moving average is $3.26.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $11.86 million. Research analysts anticipate that Research Solutions will post 0.05 earnings per share for the current year.

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.