B. Riley Financial, Inc. (NASDAQ:RILYP – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 50,900 shares, a growth of 194.2% from the September 30th total of 17,300 shares. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is currently 1.0 days.
B. Riley Financial Stock Up 1.7 %
RILYP stock opened at $9.15 on Monday. The company has a fifty day moving average price of $8.53 and a 200-day moving average price of $14.68. B. Riley Financial has a 52-week low of $3.81 and a 52-week high of $20.55.
B. Riley Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 28th will be issued a dividend of $0.4297 per share. This represents a $1.72 annualized dividend and a yield of 18.78%. The ex-dividend date is 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.
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