Short Interest in Reservoir Media, Inc. (NASDAQ:RSVRW) Drops By 22.6%

Reservoir Media, Inc. (NASDAQ:RSVRW) was the recipient of a significant 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 Price Performance

Shares of NASDAQ:RSVRW traded up $0.06 during midday trading on Monday, reaching $1.41. The company’s stock had a trading volume of 200 shares, compared to its average volume of 6,060. The business has a 50 day moving average price of $1.31 and a 200 day moving average price of $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.