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

Reservoir Media, Inc. (NASDAQ:RSVRW) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,500 shares, a decrease of 47.9% from the November 30th total of 4,800 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 0.6 days.

Reservoir Media Stock Performance

Shares of NASDAQ:RSVRW remained flat at $1.37 during trading hours on Friday. 3 shares of the stock traded hands, compared to its average volume of 5,936. The company’s 50 day moving average is $1.31 and its two-hundred day moving average is $1.09. Reservoir Media has a twelve month low of $0.63 and a twelve month 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.