B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Short Interest Down 39.1% in May

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 5,675 shares, a decline of 39.1% from the April 30th total of 9,314 shares. Based on an average trading volume of 36,912 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On B. Riley Financial, Inc. 6.00% Senior Notes Due 2028

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

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Price Performance

RILYT traded up $0.05 during midday trading on Wednesday, reaching $21.43. The company’s stock had a trading volume of 247 shares, compared to its average volume of 33,400. B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 has a 1 year low of $6.07 and a 1 year high of $21.83. The stock’s 50-day moving average is $19.30 and its 200-day moving average is $16.81.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.50 annualized dividend and a dividend yield of 7.0%.

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.