Using the concept of prime submodule introduced by Raggi et.al. we extend the notion of reduced rank to the module-theoretic context. We study the quotient category of σ[M ] modulo the hereditary torsion theory cogenerated by the M -injective hull of M when M is a semiprime Goldie module. We prove that this quotient category is spectral. Later we consider the hereditary torsion theory in σ[M ] cogenerated by the M -injective hull of M/L(M ) where L(M ) is the prime radical of M , and we characterize when the module of quotients of M , respect to this torsion theory, has finite length in the quotient category. At the end we give conditions on a module M with endomorphism ring S in order to get that S is an order in an Artininan ring, extending Small's Theorem.