B. Riley Financial, Inc. – 6.37 (NASDAQ:RILYM) Sees Large Growth in Short Interest

B. Riley Financial, Inc. – 6.37 (NASDAQ:RILYMGet Rating) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 35,500 shares, an increase of 27.2% from the May 15th total of 27,900 shares. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 3.0 days.

Shares of B. Riley Financial, Inc. – 6.37 stock traded down $0.26 during trading hours on Thursday, reaching $24.16. 100 shares of the company were exchanged, compared to its average volume of 11,626. The firm has a fifty day moving average of $25.06. B. Riley Financial, Inc. – 6.37 has a 1 year low of $24.09 and a 1 year high of $26.49.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Saturday, October 15th will be issued a dividend of $0.3984 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.59 annualized dividend and a dividend yield of 6.60%.

About B. Riley Financial, Inc. – 6.37 (Get Rating)

B. Riley Financial, Inc provides financial services and solutions to the capital raising and financial advisory needs of public and private firms. It operates through the following segments: Capital Markets; Auction and Liquidation; Valuation and Appraisal; Principal Investments-United Online and magicJack; Brands.

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