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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,186 shares, a drop of 35.6% from the January 15th total of 3,393 shares. Based on an average daily trading volume, of 54,979 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 54,979 shares, the short-interest ratio is presently 0.0 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Down 0.2%

Shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock opened at $17.34 on Friday. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 52 week low of $5.05 and a 52 week high of $19.69. The business’s fifty day simple moving average is $15.60 and its 200-day simple moving average is $14.14.

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

The company also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Thursday, January 15th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Thursday, January 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. bought a new position in shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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.