B. Riley Financial, Inc. (NASDAQ:RILYP) Short Interest Down 38.5% in October

B. Riley Financial, Inc. (NASDAQ:RILYP) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 31,300 shares, a drop of 38.5% from the October 15th total of 50,900 shares. Based on an average daily trading volume, of 52,100 shares, the short-interest ratio is currently 0.6 days.

B. Riley Financial Stock Performance

B. Riley Financial stock traded up $0.17 during midday trading on Friday, reaching $7.59. 18,296 shares of the stock traded hands, compared to its average volume of 26,063. The company has a 50-day simple moving average of $8.31 and a two-hundred day simple moving average of $13.81. B. Riley Financial has a 12-month low of $3.81 and a 12-month high of $20.49.

B. Riley Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 28th were paid a dividend of $0.4297 per share. This represents a $1.72 annualized dividend and a yield of 22.63%. The ex-dividend date was Monday, October 28th.

B. Riley Financial Company Profile

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.