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

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

Research Solutions Trading Down 1.1 %

Shares of NASDAQ:RSSS traded down $0.03 during trading on Friday, reaching $2.75. The company had a trading volume of 12,281 shares, compared to its average volume of 52,694. The company has a fifty day moving average of $2.74 and a two-hundred day moving average of $2.78. The stock has a market capitalization of $88.78 million, a P/E ratio of -91.67, a price-to-earnings-growth ratio of 18.67 and a beta of 0.57. Research Solutions has a 12 month low of $2.17 and a 12 month high of $3.50.

Institutional Trading of Research Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Research Solutions by 19.5% in the first quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company’s stock worth $3,689,000 after acquiring an additional 190,681 shares during the period. Legato Capital Management LLC boosted its holdings in shares of Research Solutions by 556.1% in the second quarter. Legato Capital Management LLC now owns 228,782 shares of the company’s stock worth $583,000 after buying an additional 193,910 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Research Solutions in the first quarter worth approximately $561,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of Research Solutions by 41.7% in the second quarter. Dynamic Advisor Solutions LLC now owns 172,172 shares of the company’s stock worth $439,000 after buying an additional 50,655 shares during the last quarter. Finally, Luxor Capital Group LP purchased a new position in shares of Research Solutions in the second quarter worth approximately $411,000. 33.60% of the stock is currently owned by institutional investors.

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.