B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Short Interest Down 39.1% in May

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,675 shares, a drop of 39.1% from the April 30th total of 9,314 shares. Based on an average daily trading volume, of 36,912 shares, the short-interest ratio is presently 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) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and 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 Up 0.2%

Shares of RILYT stock traded up $0.05 during midday trading on Wednesday, reaching $21.43. 247 shares of the stock were exchanged, compared to its average volume of 33,400. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 1 year low of $6.07 and a 1 year high of $21.83. The company’s 50 day moving average is $19.30 and its two-hundred day moving average is $16.81.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

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

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.