Short Interest in Reservoir Media, Inc. (NASDAQ:RSVRW) Decreases By 53.3%

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a significant decline in short interest during 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 daily volume of 3,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Reservoir Media

A hedge fund recently raised its stake in Reservoir Media stock. Wolverine Asset Management LLC lifted its stake in shares of Reservoir Media, Inc. (NASDAQ:RSVRW) by 94.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,144 shares of the company’s stock after acquiring an additional 41,337 shares during the period. Wolverine Asset Management LLC’s holdings in Reservoir Media were worth $123,000 as of its most recent SEC filing.

Reservoir Media Stock Up 26.0 %

RSVRW traded up $0.25 during trading on Friday, reaching $1.21. 17,015 shares of the stock were exchanged, compared to its average volume of 5,730. Reservoir Media has a 1 year low of $0.63 and a 1 year high of $1.60. The business’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.12.

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.