Short Interest in B. Riley Financial, Inc. (NASDAQ:RILYP) Increases By 895.4%

B. Riley Financial, Inc. (NASDAQ:RILYP) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 13,747 shares, an increase of 895.4% from the December 31st total of 1,381 shares. Based on an average daily trading volume, of 49,754 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 49,754 shares, the days-to-cover ratio is currently 0.3 days.

B. Riley Financial Stock Performance

NASDAQ RILYP traded down $0.61 during trading hours on Thursday, reaching $9.86. The company’s stock had a trading volume of 47,506 shares, compared to its average volume of 41,221. The company’s 50-day moving average is $6.29 and its two-hundred day moving average is $6.07. B. Riley Financial has a 1-year low of $1.73 and a 1-year high of $14.50.

B. Riley Financial Company Profile

B. Riley Financial is a diversified financial services holding company headquartered in Los Angeles, California. The firm offers a broad suite of services designed to support corporate, institutional and private clients across the full spectrum of capital markets and advisory needs. Its core business activities encompass investment banking, asset management, valuation and appraisal services, turnaround and restructuring advisory, liquidation and auction services, and various financing solutions.

Since its founding in 1997 by Chairman and Chief Executive Officer Bryant Riley, B.