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

Research Solutions, Inc. (NASDAQ:RSSSGet Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 41,100 shares, an increase of 28.0% from the March 15th total of 32,100 shares. Based on an average daily volume of 59,900 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Research Solutions Price Performance

RSSS remained flat at $3.05 during mid-day trading on Friday. 32,514 shares of the company’s stock traded hands, compared to its average volume of 106,593. The business’s fifty day simple moving average is $3.04 and its two-hundred day simple moving average is $2.69. The firm has a market cap of $99.49 million, a price-to-earnings ratio of -152.50 and a beta of 0.60. Research Solutions has a 12 month low of $1.80 and a 12 month high of $3.50.

Insiders Place Their Bets

In other Research Solutions news, major shareholder Peter Derycz sold 40,402 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.87, for a total value of $115,953.74. Following the sale, the insider now directly owns 2,984,680 shares in the company, valued at $8,566,031.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 93,436 shares of company stock worth $255,400. Company insiders own 26.47% of the company’s stock.

Institutional Investors Weigh In On Research Solutions

Several hedge funds have recently bought and sold shares of RSSS. Vanguard Group Inc. raised its holdings in shares of Research Solutions by 42.4% during the first quarter. Vanguard Group Inc. now owns 850,026 shares of the company’s stock worth $1,810,000 after acquiring an additional 252,932 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Research Solutions by 19.2% during the second quarter. Renaissance Technologies LLC now owns 48,400 shares of the company’s stock worth $86,000 after acquiring an additional 7,800 shares during the period. Royal Bank of Canada raised its holdings in shares of Research Solutions by 15.6% during the third quarter. Royal Bank of Canada now owns 224,136 shares of the company’s stock worth $457,000 after acquiring an additional 30,290 shares during the period. Needham Investment Management LLC raised its holdings in shares of Research Solutions by 11.3% during the fourth quarter. Needham Investment Management LLC now owns 480,000 shares of the company’s stock worth $926,000 after acquiring an additional 48,583 shares during the period. Finally, Granahan Investment Management LLC raised its holdings in shares of Research Solutions by 26.3% during the first quarter. Granahan Investment Management LLC now owns 27,006 shares of the company’s stock worth $54,000 after acquiring an additional 5,617 shares during the period. 33.60% of the stock is currently owned by institutional investors and hedge funds.

About Research Solutions

(Get Free Report)

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.

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