Short Interest in Reservoir Media, Inc. (NASDAQ:RSVRW) Drops By 20.0%

Reservoir Media, Inc. (NASDAQ:RSVRW) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 1,600 shares, a drop of 20.0% from the September 15th total of 2,000 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.7 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 shares of Reservoir Media, Inc. (NASDAQ:RSVRW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 239,650 shares of the company’s stock, valued at approximately $359,000.

Reservoir Media Stock Down 1.5 %

Shares of RSVRW stock opened at $1.30 on Monday. The firm’s 50 day moving average price is $1.00 and its two-hundred day moving average price is $1.01. Reservoir Media has a 52-week low of $0.63 and a 52-week high of $1.65.

About Reservoir Media

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.