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

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,200 shares, a growth of 71.4% from the February 13th total of 700 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Reservoir Media

An institutional investor recently bought a new position in Reservoir Media stock. Schonfeld Strategic Advisors LLC purchased a new position in Reservoir Media, Inc. (NASDAQ:RSVRW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $145,000.

Reservoir Media Trading Up 4.5 %

Shares of NASDAQ:RSVRW opened at $0.92 on Monday. Reservoir Media has a twelve month low of $0.63 and a twelve month high of $1.60. The company has a 50-day moving average price of $0.94 and a two-hundred day moving average price of $1.13.

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.