Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Down 71.1% in March

Research Solutions, Inc. (NASDAQ:RSSS - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 21,300 shares, a decrease of 71.1% from the March 15th total of 73,700 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 117,200 shares, the short-interest ratio is presently 0.2 days.

Research Solutions Stock Performance

NASDAQ:RSSS traded up $0.21 on Friday, hitting $2.80. The stock had a trading volume of 121,519 shares, compared to its average volume of 89,968. Research Solutions has a 1 year low of $2.32 and a 1 year high of $4.24. The firm's fifty day simple moving average is $2.87 and its two-hundred day simple moving average is $3.22. The stock has a market cap of $91.41 million, a P/E ratio of -18.67, a price-to-earnings-growth ratio of 4.33 and a beta of 0.61.

Research Solutions (NASDAQ:RSSS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). Research Solutions had a negative return on equity of 6.59% and a negative net margin of 8.41%. The business had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. Equities research analysts predict that Research Solutions will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Research Solutions by 36.4% in the third quarter. Geode Capital Management LLC now owns 238,459 shares of the company's stock valued at $651,000 after purchasing an additional 63,581 shares during the last quarter. Guerra Pan Advisors LLC bought a new position in shares of Research Solutions during the 4th quarter worth $42,000. Hodges Capital Management Inc. raised its stake in Research Solutions by 63.8% in the 4th 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 period. White Pine Capital LLC boosted its position in Research Solutions by 168.0% during the fourth quarter. White Pine Capital LLC now owns 118,322 shares of the company's stock worth $491,000 after purchasing an additional 74,174 shares during the period. Finally, Parthenon LLC increased its stake in shares of Research Solutions by 7.1% in the fourth quarter. Parthenon LLC now owns 392,284 shares of the company's stock worth $1,628,000 after purchasing an additional 26,000 shares in the last quarter. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

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.