B. Riley Financial, Inc. (NASDAQ:RILYP – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,360 shares, a decrease of 34.2% from the August 15th total of 5,110 shares. Based on an average daily trading volume, of 9,629 shares, the days-to-cover ratio is presently 0.3 days.
B. Riley Financial Price Performance
Shares of RILYP stock traded up $0.32 during midday trading on Thursday, reaching $12.42. 1,772 shares of the company traded hands, compared to its average volume of 18,562. The firm’s 50 day simple moving average is $13.15 and its two-hundred day simple moving average is $13.32. B. Riley Financial has a 1-year low of $3.25 and a 1-year high of $17.52.
About B. Riley Financial
B. Riley Financial is a diversified financial services holding company headquartered in Los Angeles, California. The firm offers a broad suite of services designed to support corporate, institutional and private clients across the full spectrum of capital markets and advisory needs. Its core business activities encompass investment banking, asset management, valuation and appraisal services, turnaround and restructuring advisory, liquidation and auction services, and various financing solutions.
Since its founding in 1997 by Chairman and Chief Executive Officer Bryant Riley, B.
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