Short Interest in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Rises By 36.5%

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 44,541 shares, an increase of 36.5% from the November 30th total of 32,620 shares. Based on an average daily volume of 25,233 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 25,233 shares, the days-to-cover ratio is currently 1.8 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Performance

Shares of RILYT stock traded down $0.47 during trading on Wednesday, hitting $13.85. 62,657 shares of the company were exchanged, compared to its average volume of 26,475. The business’s 50-day simple moving average is $12.80 and its 200 day simple moving average is $12.43. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a twelve month low of $5.05 and a twelve month high of $15.59.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Thursday, January 15th.

About B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

B. Riley Financial, Inc 6.00% Senior Notes Due 2028 (NASDAQ: RILYT) are unsecured, senior obligations of B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at an annual rate of 6.00%, payable semi-annually, and mature in August 2028. As senior unsecured debt, these notes rank equally with other unsecured obligations of the company and are structurally subordinated to any secured debt.

B. Riley Financial, Inc provides a broad suite of services including investment banking, financial advisory, wealth management, merchant banking, and asset management.