B. Riley Financial, Inc. (NASDAQ:RILYL) Sees Significant Decline in Short Interest

B. Riley Financial, Inc. (NASDAQ:RILYLGet Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,993 shares, a decrease of 66.7% from the June 15th total of 12,006 shares. Based on an average daily trading volume, of 8,678 shares, the short-interest ratio is currently 0.5 days.

B. Riley Financial Price Performance

Shares of NASDAQ:RILYL traded up $0.10 during midday trading on Tuesday, reaching $14.21. 11,127 shares of the company’s stock were exchanged, compared to its average volume of 12,825. The company’s 50 day simple moving average is $15.92 and its two-hundred day simple moving average is $12.44. B. Riley Financial has a 12 month low of $3.09 and a 12 month high of $18.08.

About B. Riley Financial

(Get Free Report)

B. Riley Financial, Inc (NASDAQ: RILYL) is a diversified financial services firm that delivers a broad spectrum of advisory, asset management, and capital markets solutions. The company’s capital markets segment provides investment banking, institutional brokerage, equity research, and financing services, helping corporate and institutional clients execute public and private transactions. Its wealth management business offers customized financial planning, portfolio management, retirement strategies, and estate planning for high-net-worth individuals and families.

In its financial advisory & restructuring division, B.

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