Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Down 18.2% in October

Research Solutions, Inc. (NASDAQ:RSSS - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 33,200 shares, a decrease of 18.2% from the September 30th total of 40,600 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 33,000 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Research Solutions

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Research Solutions by 19.5% during the 1st quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company's stock valued at $3,689,000 after purchasing an additional 190,681 shares during the period. Legato Capital Management LLC increased its position 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 buying an additional 193,910 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of Research Solutions by 8.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 187,122 shares of the company's stock valued at $511,000 after buying an additional 14,950 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Research Solutions in the first quarter worth about $561,000. Finally, Luxor Capital Group LP bought a new position in shares of Research Solutions in the second quarter valued at approximately $411,000. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

NASDAQ:RSSS remained flat at $2.62 on Monday. 20,836 shares of the company's stock traded hands, compared to its average volume of 50,412. Research Solutions has a 52-week low of $2.21 and a 52-week high of $3.50. The firm's 50-day simple moving average is $2.72 and its two-hundred day simple moving average is $2.73. The firm has a market cap of $85.09 million, a PE ratio of -18.28, a P/E/G ratio of 9.07 and a beta of 0.57.

Research Solutions (NASDAQ:RSSS - Get Free Report) last released its earnings results on Thursday, September 19th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $12.13 million for the quarter, compared to analysts' expectations of $11.50 million. Research Solutions had a negative return on equity of 4.71% and a negative net margin of 8.49%. Research analysts expect that Research Solutions will post 0.02 EPS for the current fiscal 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.