Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Up 75.5% in March

Research Solutions, Inc. (NASDAQ:RSSS) saw a large 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. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 128,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Research Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Occudo Quantitative Strategies LP acquired a new position in Research Solutions in the fourth quarter valued at approximately $97,000. Millennium Management LLC purchased a new position in shares of Research Solutions during the 4th quarter valued at approximately $65,000. Cubist Systematic Strategies LLC acquired a new position in shares of Research Solutions in the 4th quarter valued at $56,000. Jane Street Group LLC purchased a new stake in Research Solutions during the fourth quarter worth $138,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Research Solutions during the fourth quarter valued at $62,000. 33.60% of the stock is owned by institutional investors and hedge funds.

Research Solutions Trading Down 1.9 %

NASDAQ RSSS traded down $0.05 on Friday, hitting $2.65. 28,290 shares of the company’s stock traded hands, compared to its average volume of 87,449. The firm’s 50-day moving average price is $3.32 and its two-hundred day moving average price is $3.25. The firm has a market capitalization of $86.51 million, a PE ratio of -17.67, a P/E/G ratio of 4.33 and a beta of 0.55. Research Solutions has a 1-year low of $2.38 and a 1-year high of $4.24.

Research Solutions (NASDAQ:RSSS) last posted its earnings results on Thursday, February 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts anticipate that Research Solutions will post 0.05 earnings per share 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.