Short Interest in Research Solutions, Inc. (NASDAQ:RSSS) Increases By 56.2%

Research Solutions, Inc. (NASDAQ:RSSS - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 41,400 shares, a growth of 56.2% from the November 30th total of 26,500 shares. Based on an average trading volume of 119,200 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Research Solutions

Large investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP grew its holdings in Research Solutions by 122.4% in the 3rd quarter. Luxor Capital Group LP now owns 358,608 shares of the company's stock valued at $979,000 after buying an additional 197,346 shares during the period. Needham Investment Management LLC grew its holdings in Research Solutions by 5.5% in the third quarter. Needham Investment Management LLC now owns 2,875,000 shares of the company's stock valued at $7,849,000 after purchasing an additional 150,000 shares during the period. Geode Capital Management LLC grew its holdings 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 period. Oppenheimer Asset Management Inc. increased its position in Research Solutions by 36.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 136,932 shares of the company's stock worth $349,000 after purchasing an additional 36,599 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in Research Solutions by 8.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 187,122 shares of the company's stock worth $511,000 after purchasing an additional 14,950 shares during the period. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Research Solutions Trading Up 2.7 %

Shares of Research Solutions stock traded up $0.11 during trading hours on Friday, reaching $4.14. 170,967 shares of the company's stock were exchanged, compared to its average volume of 71,286. Research Solutions has a 52-week low of $2.38 and a 52-week high of $4.19. The company has a fifty day moving average of $3.27 and a 200-day moving average of $2.88. The firm has a market capitalization of $134.60 million, a price-to-earnings ratio of -51.75, a price-to-earnings-growth ratio of 4.42 and a beta of 0.60.

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.