Short Interest in B. Riley Financial, Inc. – 6.50 (NASDAQ:RILYN) Declines By 18.3%

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

B. Riley Financial, Inc. – 6.50 Stock Performance

RILYN traded up $0.14 during midday trading on Friday, reaching $20.90. The company’s stock had a trading volume of 47,677 shares, compared to its average volume of 43,144. The company has a fifty day simple moving average of $17.71 and a 200 day simple moving average of $18.17. B. Riley Financial, Inc. – 6.50 has a twelve month low of $13.69 and a twelve month high of $22.79.

B. Riley Financial, Inc. – 6.50 Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in B. Riley Financial, Inc. – 6.50 stock. Archer Investment Corp acquired a new position in shares of B. Riley Financial, Inc. – 6.50 (NASDAQ:RILYN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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.