Research Solutions, Inc. (NASDAQ:RSSS) Short Interest Down 32.8% in September

Research Solutions, Inc. (NASDAQ:RSSS) was the recipient of a significant decline in short interest in 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,700 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Research Solutions

Several hedge funds have recently modified their holdings of RSSS. Renaissance Technologies LLC lifted its position in shares of Research Solutions by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 117,100 shares of the company’s stock valued at $299,000 after buying an additional 13,089 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Research Solutions by 36.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 136,932 shares of the company’s stock valued at $349,000 after acquiring an additional 36,599 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in Research Solutions by 41.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 172,172 shares of the company’s stock valued at $439,000 after acquiring an additional 50,655 shares in the last quarter. Luxor Capital Group LP purchased a new position in shares of Research Solutions in the 2nd quarter valued at about $411,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Research Solutions in the 1st quarter valued at about $561,000. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

RSSS stock traded down $0.03 during mid-day trading on Friday, reaching $2.75. 12,281 shares of the stock traded hands, compared to its average volume of 52,694. The stock has a market capitalization of $88.78 million, a PE ratio of -91.67, a PEG ratio of 18.67 and a beta of 0.57. Research Solutions has a one year low of $2.17 and a one year high of $3.50. The business has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $2.78.

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.