Reduced rank in $\sigma[M]$

Using the concept of prime submodule introduced by Raggi et.al. we extend the notion of reduced rank to the module-theoretic context of $\sigma[M]$. We study the quotient category of $\sigma[M]$ 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. We then consider the hereditary torsion theory in $\sigma[M]$ cogenerated by the $M$-injective hull of $M/\mathfrak{L}(M)$, where $\mathfrak{L}(M)$ is the prime radical of $M$, and we determine when the module of quotients of $M$, with respect to this torsion theory, has finite length in the quotient category. Finally, we give conditions on a module $M$ with endomorphism ring $S$ under which $S$ is an order in an Artinian ring, extending Small's Theorem.