B. Riley Financial, Inc. (NASDAQ:RILYP – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 8,365 shares, a drop of 44.1% from the May 31st total of 14,960 shares. Based on an average daily volume of 11,711 shares, the days-to-cover ratio is presently 0.7 days.
B. Riley Financial Price Performance
NASDAQ RILYP traded up $0.54 during trading on Thursday, hitting $14.14. 22,742 shares of the company traded hands, compared to its average volume of 22,755. B. Riley Financial has a 12 month low of $2.02 and a 12 month high of $17.52. The business has a fifty day simple moving average of $15.23 and a 200 day simple moving average of $11.41.
B. Riley Financial Company Profile
B. Riley Financial is a diversified financial services holding company headquartered in Los Angeles, California. The firm offers a broad suite of services designed to support corporate, institutional and private clients across the full spectrum of capital markets and advisory needs. Its core business activities encompass investment banking, asset management, valuation and appraisal services, turnaround and restructuring advisory, liquidation and auction services, and various financing solutions.
Since its founding in 1997 by Chairman and Chief Executive Officer Bryant Riley, B.
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