Short Interest in Reservoir Media, Inc. (NASDAQ:RSVRW) Decreases By 29.0%

Reservoir Media, Inc. (NASDAQ:RSVRW) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,200 shares, a decrease of 29.0% from the August 15th total of 3,100 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Reservoir Media

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) in the second quarter, according to the company in its most recent Form 13F filing 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 Performance

RSVRW stock remained flat at $1.10 during mid-day trading on Friday. The stock’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $1.00. 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.