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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 12,520 shares, a growth of 65.9% from the July 15th total of 7,546 shares. Based on an average daily volume of 20,893 shares, the days-to-cover ratio is presently 0.6 days.

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

Shares of NASDAQ RILYT traded down $0.01 on Monday, hitting $21.94. The company had a trading volume of 11,398 shares, compared to its average volume of 29,472. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 12-month low of $10.35 and a 12-month high of $22.20. The business has a 50 day moving average of $20.79 and a two-hundred day moving average of $19.39.

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

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.8%.

Institutional Investors 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. acquired a new position in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $28,000.

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.