B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG) Sees Significant Drop in Short Interest

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 8,195 shares, a decrease of 41.8% from the June 30th total of 14,086 shares. Based on an average trading volume of 4,662 shares, the days-to-cover ratio is presently 1.8 days.

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 Stock Performance

Shares of NASDAQ RILYG traded down $0.20 during midday trading on Thursday, hitting $24.30. The stock had a trading volume of 804 shares, compared to its average volume of 24,617. The stock has a 50 day simple moving average of $24.42 and a 200-day simple moving average of $23.52. B. Riley Financial, Inc. 5.00% Senior Notes due 2026 has a 1 year low of $15.42 and a 1 year high of $24.75.

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Thursday, October 15th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 15th.

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 Company Profile

The B. Riley Financial, Inc 5.00% Senior Notes due 2026 are unsecured senior notes issued by B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at a fixed rate of 5.00% per annum, payable semi-annually in arrears, and are scheduled to mature on September 15, 2026. As senior obligations, they rank equally with all of the company’s existing and future senior unsecured debt and are guaranteed by certain of its domestic subsidiaries.

B. Riley Financial, Inc provides a broad range of advisory and financing services to corporate and individual clients.