Reservoir Media, Inc. (NASDAQ:RSVRW) Short Interest Update

Reservoir Media, Inc. (NASDAQ:RSVRW) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 1,600 shares, a decrease of 20.0% from the September 15th total of 2,000 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is presently 0.7 days.

Reservoir Media Price Performance

NASDAQ:RSVRW remained flat at $1.60 during mid-day trading on Tuesday. The company’s stock had a trading volume of 4,171 shares, compared to its average volume of 6,263. The business has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $1.01. Reservoir Media has a one year low of $0.63 and a one year high of $1.65.

Institutional Investors Weigh In On Reservoir Media

A hedge fund recently bought a new stake in Reservoir Media stock. Sanders Morris Harris LLC purchased a new stake in Reservoir Media, Inc. (NASDAQ:RSVRW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 239,650 shares of the company’s stock, valued at approximately $359,000.

Reservoir Media Company Profile

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.