Short Interest in Research Solutions, Inc. (NASDAQ:RSSS) Drops By 62.9%

Research Solutions, Inc. (NASDAQ:RSSS) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 42,000 shares, a decrease of 62.9% from the February 13th total of 113,300 shares. Based on an average trading volume of 181,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Research Solutions Stock Performance

Shares of RSSS opened at $2.93 on Thursday. The company has a 50-day simple moving average of $3.59 and a 200-day simple moving average of $3.25. Research Solutions has a 52 week low of $2.38 and a 52 week high of $4.24. The firm has a market capitalization of $95.66 million, a P/E ratio of -19.53, a P/E/G ratio of 4.33 and a beta of 0.55.

Research Solutions (NASDAQ:RSSS) last issued its earnings results 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). The business had revenue of $11.91 million for the quarter, compared to analyst estimates of $11.86 million. Research Solutions had a negative net margin of 8.41% and a negative return on equity of 6.59%. As a group, equities analysts forecast that Research Solutions will post 0.05 earnings per share for the current year.

Institutional Trading of Research Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Greenhaven Road Investment Management L.P. increased its holdings in shares of Research Solutions by 10.8% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 40,251 shares of the company’s stock valued at $167,000 after purchasing an additional 3,925 shares in the last quarter. Northern Trust Corp boosted its position in Research Solutions by 13.2% in the 4th quarter. Northern Trust Corp now owns 42,706 shares of the company’s stock valued at $177,000 after buying an additional 4,989 shares during the last quarter. Bard Associates Inc. boosted its position in Research Solutions by 1.4% in the 3rd quarter. Bard Associates Inc. now owns 626,725 shares of the company’s stock valued at $1,711,000 after buying an additional 8,455 shares during the last quarter. Guerra Pan Advisors LLC acquired a new stake in shares of Research Solutions in the 4th quarter valued at $42,000. Finally, Heron Bay Capital Management bought a new stake in shares of Research Solutions during the fourth quarter worth $50,000. 33.60% of the stock is currently owned by institutional investors and hedge funds.

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.