Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Up 101.7% in December

Research Solutions, Inc. (NASDAQ:RSSS) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 83,500 shares, a growth of 101.7% from the December 15th total of 41,400 shares. Based on an average trading volume of 143,500 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Research Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Research Solutions by 36.4% during the 3rd quarter. Geode Capital Management LLC now owns 238,459 shares of the company’s stock worth $651,000 after purchasing an additional 63,581 shares in the last quarter. Luxor Capital Group LP grew its stake in shares of Research Solutions by 122.4% during the 3rd quarter. Luxor Capital Group LP now owns 358,608 shares of the company’s stock worth $979,000 after acquiring an additional 197,346 shares in the last quarter. Needham Investment Management LLC raised its holdings in shares of 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 last quarter. Bard Associates Inc. raised its holdings in shares of Research Solutions by 1.4% in the third quarter. Bard Associates Inc. now owns 626,725 shares of the company’s stock valued at $1,711,000 after purchasing an additional 8,455 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Research Solutions by 8.7% in 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 in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Stock Down 0.5 %

RSSS stock traded down $0.02 during midday trading on Tuesday, reaching $3.82. The stock had a trading volume of 309,898 shares, compared to its average volume of 212,650. The firm has a market cap of $125.37 million, a price-to-earnings ratio of -47.75, a PEG ratio of 4.43 and a beta of 0.55. Research Solutions has a twelve month low of $2.38 and a twelve month high of $4.24. The business has a fifty day simple moving average of $3.58 and a two-hundred day simple moving average of $3.00.

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.