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

B. Riley Financial, Inc. (NASDAQ:RILYL) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 900 shares, a drop of 84.2% from the October 31st total of 5,700 shares. Based on an average daily trading volume, of 22,700 shares, the days-to-cover ratio is currently 0.0 days.

B. Riley Financial Stock Performance

Shares of RILYL stock traded up $0.13 during mid-day trading on Wednesday, reaching $8.12. 36,880 shares of the company’s stock traded hands, compared to its average volume of 15,205. The company’s 50-day moving average price is $8.33 and its 200-day moving average price is $14.55. B. Riley Financial has a 12 month low of $4.11 and a 12 month high of $23.15.

B. Riley Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 28th were paid a dividend of $0.4609 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 22.71%. The ex-dividend date was Monday, October 28th.

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.