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

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 700 shares, a drop 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 Investors Weigh In On Reservoir Media

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

Reservoir Media Stock Performance

Shares of Reservoir Media stock traded down $0.16 during trading on Monday, reaching $1.05. The stock had a trading volume of 211 shares, compared to its average volume of 5,533. The stock has a fifty day moving average price of $1.01 and a two-hundred day moving average price of $1.12. Reservoir Media has a 52 week low of $0.63 and a 52 week high of $1.60.

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.