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

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

Reservoir Media Trading Up 19.2 %

Shares of Reservoir Media stock traded up $0.24 during trading on Wednesday, hitting $1.49. The stock had a trading volume of 1,738 shares, compared to its average volume of 6,025. The business has a fifty day moving average of $1.20 and a two-hundred day moving average of $1.05. Reservoir Media has a fifty-two week low of $0.63 and a fifty-two week high of $1.65.

Hedge Funds Weigh In On Reservoir Media

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

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.