Short Interest in B. Riley Financial, Inc. (NASDAQ:RILYP) Drops By 44.1%

B. Riley Financial, Inc. (NASDAQ:RILYPGet Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 8,365 shares, a decline of 44.1% from the May 31st total of 14,960 shares. Based on an average daily trading volume, of 11,711 shares, the short-interest ratio is currently 0.7 days.

B. Riley Financial Price Performance

Shares of RILYP stock traded down $0.51 on Wednesday, hitting $13.60. 65,862 shares of the company’s stock were exchanged, compared to its average volume of 22,755. The company has a 50 day moving average of $15.20 and a 200 day moving average of $11.34. B. Riley Financial has a 12 month low of $2.00 and a 12 month high of $17.52.

About B. Riley Financial

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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.

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