Reservoir Media, Inc. (NASDAQ:RSVRW) Short Interest Down 53.3% in February

Reservoir Media, Inc. (NASDAQ:RSVRW) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 700 shares, a decline of 53.3% from the January 31st total of 1,500 shares. Based on an average trading volume of 3,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Reservoir Media

A hedge fund recently bought a new stake in Reservoir Media stock. Schonfeld Strategic Advisors LLC acquired a new position in shares of Reservoir Media, Inc. (NASDAQ:RSVRW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $145,000.

Reservoir Media Trading Up 26.0 %

Shares of NASDAQ:RSVRW traded up $0.25 during midday trading on Friday, hitting $1.21. The company’s stock had a trading volume of 17,015 shares, compared to its average volume of 5,730. The stock’s 50 day simple moving average is $1.01 and its 200 day simple moving average is $1.12. Reservoir Media has a fifty-two week low of $0.63 and a fifty-two week high of $1.60.

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.