B. Riley Financial, Inc. – 6.50 (NASDAQ:RILYN) Sees Significant Drop in Short Interest

B. Riley Financial, Inc. – 6.50 (NASDAQ:RILYN) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 138,700 shares, a drop of 18.3% from the March 31st total of 169,800 shares. Based on an average daily volume of 44,100 shares, the short-interest ratio is currently 3.1 days.

B. Riley Financial, Inc. – 6.50 Stock Performance

Shares of B. Riley Financial, Inc. – 6.50 stock traded down $0.22 during midday trading on Tuesday, hitting $20.88. The company’s stock had a trading volume of 19,052 shares, compared to its average volume of 42,796. B. Riley Financial, Inc. – 6.50 has a 1-year low of $13.69 and a 1-year high of $22.79. The stock has a 50-day simple moving average of $17.93 and a 200-day simple moving average of $18.13.

B. Riley Financial, Inc. – 6.50 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.4063 per share. The ex-dividend date is Friday, April 12th. This represents a $1.63 dividend on an annualized basis and a yield of 7.78%.

Hedge Funds Weigh In On B. Riley Financial, Inc. – 6.50

An institutional investor recently bought a new position in B. Riley Financial, Inc. – 6.50 stock. Archer Investment Corp purchased a new position in B. Riley Financial, Inc. – 6.50 (NASDAQ:RILYN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $69,000.

About B. Riley Financial, Inc. – 6.50

b. riley financial, inc. is a publicly traded, diversified financial services company which takes a collaborative approach to the capital raising and financial advisory needs of public and private companies and high net worth individuals. the company operates through several wholly-owned subsidiaries, including b.