B. Riley Financial, Inc. (NASDAQ:RILYL) Sees Significant Drop in Short Interest

B. Riley Financial, Inc. (NASDAQ:RILYL) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 500 shares, a decline of 37.5% from the November 30th total of 800 shares. Based on an average trading volume of 23,000 shares, the days-to-cover ratio is currently 0.0 days.

B. Riley Financial Price Performance

Shares of NASDAQ:RILYL opened at $6.41 on Friday. The company’s fifty day moving average is $8.01 and its two-hundred day moving average is $12.41. B. Riley Financial has a 1-year low of $4.11 and a 1-year high of $23.15.

B. Riley Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 28th were paid a dividend of $0.4609 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.84 annualized dividend and a yield of 28.76%.

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.