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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,393 shares, a decrease of 78.9% from the December 31st total of 16,073 shares. Based on an average daily trading volume, of 45,226 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 45,226 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. acquired a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $28,000.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Trading Up 1.3%

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock traded up $0.22 during mid-day trading on Friday, reaching $17.27. The stock had a trading volume of 4,035 shares, compared to its average volume of 49,710. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a fifty-two week low of $5.05 and a fifty-two week high of $19.69. The stock’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $13.68.

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

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Thursday, January 15th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $1.50 annualized dividend and a yield of 8.7%.

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.