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

Reservoir Media, Inc. (NASDAQ:RSVRW) saw 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 trading volume of 3,500 shares, the short-interest ratio is currently 0.2 days.

Reservoir Media Trading Down 13.2 %

Reservoir Media stock traded down $0.16 during midday trading on Monday, reaching $1.05. 211 shares of the company’s stock were exchanged, compared to its average volume of 5,533. 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 52 week low of $0.63 and a 52 week high of $1.60.

Institutional Inflows and Outflows

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% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

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.