Reservoir Media, Inc. (NASDAQ:RSVRW) Short Interest Up 675.0% in November

Reservoir Media, Inc. (NASDAQ:RSVRW) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,200 shares, an increase of 675.0% from the October 31st total of 800 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Reservoir Media

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

Reservoir Media Stock Up 19.2 %

Shares of RSVRW stock traded up $0.24 during trading hours on Wednesday, reaching $1.49. The stock had a trading volume of 1,738 shares, compared to its average volume of 6,025. The firm has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.05. Reservoir Media has a twelve month low of $0.63 and a twelve 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.