B. Riley Financial, Inc. (NASDAQ:RILYP) Sees Significant Decline in Short Interest

B. Riley Financial, Inc. (NASDAQ:RILYP) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 6,938 shares, a decline of 20.7% from the February 12th total of 8,746 shares. Based on an average daily trading volume, of 7,247 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 7,247 shares, the days-to-cover ratio is presently 1.0 days.

B. Riley Financial Trading Up 0.7%

Shares of NASDAQ RILYP traded up $0.07 during trading on Monday, reaching $9.13. The company had a trading volume of 5,095 shares, compared to its average volume of 28,611. B. Riley Financial has a 12-month low of $1.73 and a 12-month high of $14.50. The business’s 50-day moving average is $9.77 and its 200 day moving average is $6.92.

About B. Riley Financial

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.