B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Sees Significant Growth in Short Interest

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 3,176 shares, an increase of 45.3% from the January 29th total of 2,186 shares. Based on an average daily volume of 18,945 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 18,945 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

An institutional investor recently bought a new position in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. bought a new stake in shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the company’s stock, valued at approximately $28,000.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Down 1.8%

NASDAQ:RILYT traded down $0.31 during mid-day trading on Friday, reaching $17.31. The stock had a trading volume of 42,604 shares, compared to its average volume of 34,459. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 1-year low of $5.05 and a 1-year high of $19.69. The stock’s 50 day simple moving average is $16.62 and its two-hundred day simple moving average is $14.53.

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

The company also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Thursday, January 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was 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.