Short Interest in Research Solutions, Inc. (NASDAQ:RSSS) Expands By 75.5%

Research Solutions, Inc. (NASDAQ:RSSS - Get Free Report) saw a significant growth in short interest during 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 company's stock are short sold. Based on an average daily volume of 128,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. raised its stake in shares of Research Solutions by 63.8% during the 4th quarter. Hodges Capital Management Inc. now owns 514,595 shares of the company's stock worth $2,135,000 after purchasing an additional 200,480 shares in the last quarter. Luxor Capital Group LP increased its holdings in Research Solutions by 122.4% during the third quarter. Luxor Capital Group LP now owns 358,608 shares of the company's stock worth $979,000 after buying an additional 197,346 shares during the last quarter. Needham Investment Management LLC raised its position in Research Solutions by 5.5% during the third quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company's stock worth $7,849,000 after acquiring an additional 150,000 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in Research Solutions in the fourth quarter valued at $415,000. Finally, Renaissance Technologies LLC grew its position in shares of Research Solutions by 78.5% in the 4th quarter. Renaissance Technologies LLC now owns 220,900 shares of the company's stock valued at $917,000 after acquiring an additional 97,154 shares during the period. 33.60% of the stock is owned by institutional investors and hedge funds.

Research Solutions Stock Performance

Shares of RSSS stock remained flat at $2.60 during trading on Wednesday. 26,297 shares of the stock were exchanged, compared to its average volume of 87,278. Research Solutions has a twelve month low of $2.38 and a twelve month high of $4.24. The firm's 50 day moving average is $3.27 and its two-hundred day moving average is $3.26. The stock has a market capitalization of $84.88 million, a P/E ratio of -17.33, a price-to-earnings-growth ratio of 4.33 and a beta of 0.55.

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 the consensus estimate of $0.02 by ($0.09). The business had revenue of $11.91 million for the quarter, compared to the consensus estimate of $11.86 million. Research Solutions had a negative return on equity of 6.59% and a negative net margin of 8.41%. On average, equities analysts forecast that Research Solutions will post 0.05 EPS for the current fiscal year.

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.