Reservoir Media, Inc. (NASDAQ:RSVRW) Short Interest Down 55.6% in October

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 800 shares, a decrease of 55.6% from the October 15th total of 1,800 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reservoir Media stock. Sanders Morris Harris LLC acquired a new stake in Reservoir Media, Inc. (NASDAQ:RSVRW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 239,650 shares of the company’s stock, valued at approximately $359,000.

Reservoir Media Price Performance

NASDAQ RSVRW traded up $0.17 on Wednesday, reaching $1.34. The stock had a trading volume of 702 shares, compared to its average volume of 6,187. The business’s 50-day moving average price is $1.16 and its 200 day moving average price is $1.05. Reservoir Media has a 12-month low of $0.63 and a 12-month high of $1.65.

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.