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

Reservoir Media, Inc. (NASDAQ:RSVR) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 468,513 shares, a drop of 35.5% from the July 15th total of 726,675 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 63,167 shares, the short-interest ratio is currently 7.4 days.

Institutional Investors Weigh In On Reservoir Media

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its position in Reservoir Media by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 58,507 shares of the company’s stock valued at $440,000 after acquiring an additional 2,042 shares during the period. Boston Partners raised its stake in shares of Reservoir Media by 2.5% in the fourth quarter. Boston Partners now owns 91,492 shares of the company’s stock worth $693,000 after purchasing an additional 2,248 shares during the last quarter. Invesco Ltd. lifted its stake in Reservoir Media by 22.1% during the 4th quarter. Invesco Ltd. now owns 13,446 shares of the company’s stock valued at $102,000 after acquiring an additional 2,433 shares during the period. Barclays PLC boosted its holdings in Reservoir Media by 2.4% in the fourth quarter. Barclays PLC now owns 132,513 shares of the company’s stock worth $1,003,000 after purchasing an additional 3,087 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Reservoir Media by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 90,003 shares of the company’s stock valued at $687,000 after purchasing an additional 3,110 shares during the period. Institutional investors own 44.38% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Reservoir Media from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Reservoir Media has a consensus rating of “Hold”.

Reservoir Media Price Performance

Shares of Reservoir Media stock traded up $0.42 on Wednesday, hitting $10.12. 10,471 shares of the company traded hands, compared to its average volume of 76,769. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.22. The firm’s 50-day simple moving average is $10.22 and its 200 day simple moving average is $9.68. Reservoir Media has a 12-month low of $7.07 and a 12-month high of $13.39. The company has a market cap of $665.67 million, a P/E ratio of 77.54 and a beta of 0.75.

Reservoir Media (NASDAQ:RSVR) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $47.50 million for the quarter, compared to analysts’ expectations of $44.45 million. Reservoir Media had a return on equity of 2.33% and a net margin of 4.87%. Analysts expect that Reservoir Media will post 0.13 earnings per share for the current fiscal year.

About Reservoir Media

Reservoir Media Inc is a global independent music rights management company that acquires, administers and monetizes music publishing and master recording assets. Its business model centers on building a diverse portfolio of copyrights and recordings across genres, then generating revenue through licensing, royalty collection and direct-to-fan initiatives. Reservoir’s catalog includes works by established and emerging songwriters and artists, spanning pop, rock, country, R&B and other contemporary styles.

The company operates two primary segments: music publishing and recorded music.