B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Short Interest Update

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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Trading Up 0.9%

Shares of NASDAQ:RILYT traded up $0.19 during trading on Wednesday, hitting $20.61. 31,112 shares of the company’s stock traded hands, compared to its average volume of 32,104. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 52 week low of $7.30 and a 52 week high of $21.83. The company has a 50-day moving average price of $20.66 and a 200-day moving average price of $18.14.

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

The business also recently announced 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. This represents a $1.50 annualized dividend and a yield of 7.3%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 stock. NBC Securities Inc. acquired a new position in shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $28,000.

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.