Reservoir Media, Inc. (NASDAQ:RSVRW) Sees Large Increase in Short Interest

Reservoir Media, Inc. (NASDAQ:RSVRW) saw a significant increase in short interest during 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 currently 1.9 days.

Institutional Inflows and Outflows

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

Reservoir Media Trading Up 19.2 %

Shares of RSVRW traded up $0.24 during trading hours on Thursday, hitting $1.49. 1,738 shares of the stock traded hands, compared to its average volume of 6,025. The business has a fifty day moving average of $1.21 and a 200-day moving average of $1.06. Reservoir Media has a 1-year low of $0.63 and a 1-year 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.