Short Interest in Research Solutions, Inc. (NASDAQ:RSSS) Decreases By 28.2%

Research Solutions, Inc. (NASDAQ:RSSS) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 11,200 shares, a drop of 28.2% from the June 15th total of 15,600 shares. Based on an average daily volume of 64,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Research Solutions Price Performance

Research Solutions stock traded up $0.09 during mid-day trading on Monday, reaching $2.61. 60,424 shares of the stock traded hands, compared to its average volume of 59,990. The business’s 50-day moving average is $2.65 and its 200-day moving average is $2.82. The stock has a market capitalization of $84.25 million, a PE ratio of -88.00, a price-to-earnings-growth ratio of 16.80 and a beta of 0.59. Research Solutions has a 12-month low of $2.01 and a 12-month high of $3.50.

Analyst Ratings Changes

RSSS has been the topic of a number of recent analyst reports. Lake Street Capital started coverage on Research Solutions in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $5.00 target price on the stock. Maxim Group upped their price target on Research Solutions from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, May 10th.

Institutional Investors Weigh In On Research Solutions

Several institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC boosted its position in shares of Research Solutions by 8.1% in the 4th quarter. Ridgewood Investments LLC now owns 124,937 shares of the company’s stock worth $325,000 after purchasing an additional 9,400 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Research Solutions in the 1st quarter valued at about $561,000. Finally, Vanguard Group Inc. increased its stake in shares of Research Solutions by 19.5% in the 1st quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company’s stock valued at $3,689,000 after purchasing an additional 190,681 shares in the last quarter. 33.60% of the stock is owned by institutional investors.

About Research Solutions

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.