Short Interest in B. Riley Financial, Inc. (NASDAQ:RILYL) Declines By 63.6%

B. Riley Financial, Inc. (NASDAQ:RILYL) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,200 shares, a drop of 63.6% from the May 31st total of 3,300 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is currently 0.2 days.

B. Riley Financial Stock Performance

Shares of RILYL stock traded up $0.58 during trading hours on Friday, hitting $21.42. 1,701 shares of the company were exchanged, compared to its average volume of 8,106. B. Riley Financial has a fifty-two week low of $14.26 and a fifty-two week high of $25.00. The company has a 50 day simple moving average of $21.30 and a two-hundred day simple moving average of $19.73.

B. Riley Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 22nd were paid a dividend of $0.4609 per share. The ex-dividend date was Friday, April 19th. This represents a $1.84 dividend on an annualized basis and a yield of 8.61%.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.