Short Interest in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Drops By 63.9%

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 16,073 shares, a decline of 63.9% from the December 15th total of 44,541 shares. Based on an average trading volume of 34,409 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 34,409 shares, the days-to-cover ratio is currently 0.5 days.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Trading Up 4.1%

Shares of RILYT opened at $16.87 on Tuesday. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 12-month low of $5.05 and a 12-month high of $17.05. The business’s fifty day moving average is $13.21 and its 200 day moving average is $12.94.

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, January 31st. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, January 15th. This represents a $1.50 annualized dividend and a yield of 8.9%.

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

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.