Short Interest in B. Riley Financial, Inc. (NASDAQ:RILYP) Drops By 56.9%

B. Riley Financial, Inc. (NASDAQ:RILYP) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 13,500 shares, a decline of 56.9% from the October 31st total of 31,300 shares. Based on an average daily volume of 23,400 shares, the days-to-cover ratio is presently 0.6 days.

B. Riley Financial Stock Up 2.4 %

Shares of RILYP traded up $0.19 during mid-day trading on Thursday, hitting $7.74. 15,021 shares of the stock were exchanged, compared to its average volume of 25,713. B. Riley Financial has a 52-week low of $3.81 and a 52-week high of $20.49. The firm has a 50-day moving average of $8.07 and a two-hundred day moving average of $13.07.

B. Riley Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 28th were paid a $0.4297 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 22.21%.

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.