Reservoir Media, Inc. (NASDAQ:RSVRW) Short Interest Update

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a large decline in short interest in 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 trading volume of 3,500 shares, the short-interest 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 grew its position in shares of Reservoir Media, Inc. (NASDAQ:RSVRW) by 94.4% in the fourth quarter, according to the company in its most recent 13F 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 filing with the SEC.

Reservoir Media Stock Up 26.0 %

RSVRW traded up $0.25 on Friday, hitting $1.21. 17,015 shares of the company traded hands, compared to its average volume of 5,730. The company has a 50 day moving average of $1.01 and a 200-day moving average of $1.12. Reservoir Media has a 12-month low of $0.63 and a 12-month high of $1.60.

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.