B. Riley Financial, Inc. (NASDAQ:RILYL) Sees Significant Growth in Short Interest

B. Riley Financial, Inc. (NASDAQ:RILYL) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 11,053 shares, an increase of 73.6% from the April 30th total of 6,366 shares. Based on an average daily trading volume, of 14,658 shares, the days-to-cover ratio is presently 0.8 days.

B. Riley Financial Stock Performance

Shares of RILYL traded up $0.47 during mid-day trading on Tuesday, hitting $17.07. The stock had a trading volume of 3,532 shares, compared to its average volume of 13,829. B. Riley Financial has a 52 week low of $1.77 and a 52 week high of $18.08. The business has a fifty day moving average price of $13.85 and a 200-day moving average price of $10.12.

About B. Riley Financial

B. Riley Financial, Inc (NASDAQ: RILYL) is a diversified financial services firm that delivers a broad spectrum of advisory, asset management, and capital markets solutions. The company’s capital markets segment provides investment banking, institutional brokerage, equity research, and financing services, helping corporate and institutional clients execute public and private transactions. Its wealth management business offers customized financial planning, portfolio management, retirement strategies, and estate planning for high-net-worth individuals and families.

In its financial advisory & restructuring division, B.