Reservoir Media, Inc. (NASDAQ:RSVRW) Short Interest Down 29.0% in August

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,200 shares, a decrease of 29.0% from the August 15th total of 3,100 shares. Based on an average trading volume of 4,500 shares, the short-interest ratio is currently 0.5 days.

Reservoir Media Stock Performance

Shares of Reservoir Media stock remained flat at $1.10 during trading hours on Friday. Reservoir Media has a 1-year low of $0.63 and a 1-year high of $1.65. The stock has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reservoir Media stock. Sanders Morris Harris LLC acquired a new position in Reservoir Media, Inc. (NASDAQ:RSVRW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 239,650 shares of the company’s stock, valued at approximately $359,000.

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.