Reservoir Media, Inc. (NASDAQ:RSVRW) Sees Large Decline in Short Interest

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,800 shares, a decline of 22.6% from the November 15th total of 6,200 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 1.2 days.

Reservoir Media Stock Down 2.2 %

RSVRW traded down $0.03 on Friday, hitting $1.35. The company had a trading volume of 100 shares, compared to its average volume of 6,097. The company’s fifty day moving average price is $1.30 and its 200 day moving average price is $1.08. Reservoir Media has a 1-year low of $0.63 and a 1-year high of $1.65.

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.