Short Interest in Research Solutions, Inc. (NASDAQ:RSSS) Grows By 89.3%

Research Solutions, Inc. (NASDAQ:RSSS) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 21,200 shares, an increase of 89.3% from the June 30th total of 11,200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 62,800 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

RSSS has been the topic of several research reports. Lake Street Capital initiated coverage on shares of Research Solutions in a research note on Tuesday, April 23rd. They set a “buy” rating and a $5.00 price objective on the stock. Maxim Group raised their price target on shares of Research Solutions from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, May 10th.

Research Solutions Price Performance

Shares of NASDAQ RSSS traded up $0.13 during mid-day trading on Friday, reaching $2.85. 41,933 shares of the company traded hands, compared to its average volume of 37,535. Research Solutions has a fifty-two week low of $2.04 and a fifty-two week high of $3.50. The firm has a market cap of $92.00 million, a PE ratio of -95.00, a price-to-earnings-growth ratio of 19.00 and a beta of 0.59. The stock has a fifty day simple moving average of $2.61 and a 200-day simple moving average of $2.83.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC increased its stake in shares of Research Solutions by 41.7% during the second quarter. Dynamic Advisor Solutions LLC now owns 172,172 shares of the company’s stock valued at $439,000 after acquiring an additional 50,655 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Research Solutions during the first quarter valued at approximately $561,000. Vanguard Group Inc. increased its stake in shares of Research Solutions by 19.5% during the first quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company’s stock valued at $3,689,000 after acquiring an additional 190,681 shares during the period. Finally, Legato Capital Management LLC increased its stake in shares of Research Solutions by 556.1% during the second quarter. Legato Capital Management LLC now owns 228,782 shares of the company’s stock valued at $583,000 after acquiring an additional 193,910 shares during the period. Institutional investors and hedge funds own 33.60% of the company’s stock.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.