B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Sees Significant Drop in Short Interest

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 1,030 shares, a decline of 89.4% from the August 15th total of 9,677 shares. Based on an average daily volume of 13,933 shares, the short-interest ratio is currently 0.1 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Trading Down 0.0%

RILYT stock traded down $0.01 during trading on Friday, hitting $21.34. The stock had a trading volume of 7,967 shares, compared to its average volume of 28,002. The company’s 50-day moving average price is $21.03 and its two-hundred day moving average price is $19.95. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a twelve month low of $10.35 and a twelve month high of $22.20.

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

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Thursday, October 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.0%. 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 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.