Short Interest in B. Riley Financial, Inc. (NASDAQ:RILY) Drops By 22.5%

B. Riley Financial, Inc. (NASDAQ:RILY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,630,000 shares, a decline of 22.5% from the February 28th total of 9,840,000 shares. Currently, 48.0% of the company’s shares are sold short. Based on an average daily volume of 1,970,000 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On B. Riley Financial

A number of institutional investors and hedge funds have recently made changes to their positions in RILY. Sanctuary Advisors LLC purchased a new position in shares of B. Riley Financial during the third quarter worth $100,000. FMR LLC lifted its stake in B. Riley Financial by 1,085.3% during the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after acquiring an additional 9,225 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in B. Riley Financial by 37.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock valued at $114,000 after acquiring an additional 5,920 shares during the period. Jones Financial Companies Lllp increased its stake in B. Riley Financial by 1,049.1% during the fourth quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock worth $45,000 after purchasing an additional 8,865 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of B. Riley Financial by 136.0% during the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock worth $114,000 after purchasing an additional 12,557 shares in the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research note on Monday, February 24th.

B. Riley Financial Trading Up 0.5 %

RILY stock traded up $0.02 during midday trading on Tuesday, hitting $3.89. 457,548 shares of the company’s stock were exchanged, compared to its average volume of 1,999,997. B. Riley Financial has a 1-year low of $2.73 and a 1-year high of $40.09. The stock has a market capitalization of $118.63 million, a PE ratio of -0.19 and a beta of 1.23. The business has a 50-day simple moving average of $4.50 and a two-hundred day simple moving average of $4.94.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%. The business had revenue of $199.31 million for the quarter.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.