Short Interest in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Grows By 85.7%

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYTGet Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,760 shares, a growth of 85.7% from the May 31st total of 6,870 shares. Based on an average trading volume of 24,953 shares, the days-to-cover ratio is currently 0.5 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Trading Down 1.5%

RILYT stock opened at $20.30 on Friday. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a twelve month low of $7.76 and a twelve month high of $21.83. The business’s fifty day simple moving average is $20.76 and its two-hundred day simple moving average is $18.26.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Thursday, October 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Investors Weigh In On B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

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 B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYTFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $28,000.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Company Profile

(Get Free Report)

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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