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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 12,760 shares, an increase of 85.7% from the May 31st total of 6,870 shares. Based on an average daily trading volume, of 24,953 shares, the days-to-cover ratio is currently 0.5 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Down 1.5%

Shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock traded down $0.31 on Thursday, reaching $20.30. 17,125 shares of the company traded hands, compared to its average volume of 31,984. The company has a 50 day moving average of $20.71 and a 200 day moving average of $18.20. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 52 week low of $7.76 and a 52 week high of $21.83.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.50 annualized dividend and a yield of 7.4%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. bought a new position in shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $28,000.

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.