B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG) Sees Significant Decline in Short Interest

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,851 shares, a decrease of 40.8% from the July 15th total of 8,195 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.6 days.

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 Price Performance

Shares of NASDAQ:RILYG traded down $0.04 during midday trading on Wednesday, reaching $24.48. The company’s stock had a trading volume of 7,207 shares, compared to its average volume of 23,171. B. Riley Financial, Inc. 5.00% Senior Notes due 2026 has a 1 year low of $15.42 and a 1 year high of $24.75. The business has a 50 day moving average price of $24.44 and a 200 day moving average price of $23.74.

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Thursday, October 15th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 15th.

About B. Riley Financial, Inc. 5.00% Senior Notes due 2026

The B. Riley Financial, Inc 5.00% Senior Notes due 2026 are unsecured senior notes issued by B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at a fixed rate of 5.00% per annum, payable semi-annually in arrears, and are scheduled to mature on September 15, 2026. As senior obligations, they rank equally with all of the company’s existing and future senior unsecured debt and are guaranteed by certain of its domestic subsidiaries.

B. Riley Financial, Inc provides a broad range of advisory and financing services to corporate and individual clients.