Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Update

Research Solutions, Inc. (NASDAQ:RSSS) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 22,500 shares, a decline of 32.8% from the August 31st total of 33,500 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 33,700 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Research Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Research Solutions by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 117,100 shares of the company’s stock worth $299,000 after purchasing an additional 13,089 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Research Solutions by 36.5% during the 2nd 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 in the last quarter. Luxor Capital Group LP acquired a new position in Research Solutions during the 2nd quarter worth approximately $411,000. Dynamic Advisor Solutions LLC increased its position in Research Solutions by 41.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 172,172 shares of the company’s stock worth $439,000 after purchasing an additional 50,655 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in Research Solutions during the 1st quarter worth approximately $561,000. 33.60% of the stock is currently owned by institutional investors and hedge funds.

Research Solutions Stock Down 1.1 %

Shares of NASDAQ:RSSS traded down $0.03 during midday trading on Friday, hitting $2.75. The stock had a trading volume of 12,281 shares, compared to its average volume of 52,694. The company’s 50-day moving average price is $2.74 and its 200-day moving average price is $2.79. The company has a market capitalization of $89.54 million, a P/E ratio of -92.67, a price-to-earnings-growth ratio of 18.67 and a beta of 0.57. Research Solutions has a fifty-two week low of $2.17 and a fifty-two week high of $3.50.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.