Short Interest in Reservoir Media, Inc. (NASDAQ:RSVRW) Rises By 71.4%

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,200 shares, a growth of 71.4% from the February 13th total of 700 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Reservoir Media stock. Wolverine Asset Management LLC boosted its stake in Reservoir Media, Inc. (NASDAQ:RSVRW) by 94.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,144 shares of the company’s stock after buying an additional 41,337 shares during the quarter. Wolverine Asset Management LLC’s holdings in Reservoir Media were worth $123,000 at the end of the most recent reporting period.

Reservoir Media Stock Up 4.5 %

Shares of Reservoir Media stock opened at $0.92 on Friday. Reservoir Media has a twelve month low of $0.63 and a twelve month high of $1.60. The firm’s 50-day moving average price is $0.94 and its 200 day moving average price is $1.12.

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.