B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Stock Short Interest Rises 913.9%

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 23,310 shares, an increase of 913.9% from the September 15th total of 2,299 shares. Based on an average daily trading volume, of 42,474 shares, the days-to-cover ratio is presently 0.5 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Performance

NASDAQ:RILYT traded down $0.45 during mid-day trading on Friday, reaching $20.02. The stock had a trading volume of 99,148 shares, compared to its average volume of 29,358. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 12 month low of $10.35 and a 12 month high of $22.20. The stock has a 50-day simple moving average of $21.33 and a two-hundred day simple moving average of $20.45.

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

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Thursday, October 15th will be issued a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, October 15th.

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

B. Riley Financial, Inc is a diversified financial services holding company that provides investment banking, institutional brokerage, wealth management, asset management, and business advisory services. Through its operating subsidiaries, the company serves corporations, institutional investors, private equity firms, entrepreneurs, and high-net-worth individuals.

Its businesses include B. Riley Securities, which offers investment banking, equity and fixed-income research, institutional sales and trading, and capital-raising services; B.