B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 12,520 shares, an increase of 65.9% from the July 15th total of 7,546 shares. Based on an average daily trading 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 Stock Performance
NASDAQ RILYT opened at $21.90 on Wednesday. The stock’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $19.45. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 52 week low of $10.35 and a 52 week high of $22.20.
B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Thursday, October 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, October 15th.
Institutional Inflows and Outflows
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.
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