B. Riley Financial, Inc. (NASDAQ:RILY) Short Interest Update

B. Riley Financial, Inc. (NASDAQ:RILY) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 7,630,000 shares, a decrease of 22.5% from the February 28th total of 9,840,000 shares. Approximately 48.0% of the company’s shares are short sold. Based on an average daily volume of 1,970,000 shares, the short-interest ratio is currently 3.9 days.

B. Riley Financial Price Performance

NASDAQ:RILY traded down $0.05 during trading hours on Monday, hitting $3.95. The company had a trading volume of 255,855 shares, compared to its average volume of 2,052,269. The stock has a 50-day moving average price of $4.52 and a 200 day moving average price of $4.96. The company has a market capitalization of $120.46 million, a PE ratio of -0.19 and a beta of 1.23. B. Riley Financial has a 52 week low of $2.73 and a 52 week high of $40.09.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The company had revenue of $199.31 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised B. Riley Financial to a “sell” rating in a research report on Monday, February 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. boosted its position in shares of B. Riley Financial by 144.1% during the fourth quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock valued at $248,000 after purchasing an additional 31,835 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of B. Riley Financial by 666,766.7% during the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock valued at $92,000 after buying an additional 20,003 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of B. Riley Financial during the 3rd quarter valued at $100,000. XTX Topco Ltd increased its stake in shares of B. Riley Financial by 72.9% during the third quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 14,232 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in B. Riley Financial during the third quarter valued at $70,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

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.