What’s Ahead for B Riley Financial Incorporated (NASDAQ:RILY) After Less Shorted Shares?

December 8, 2017 - By Richard Conner

 What’s Ahead for B Riley Financial Incorporated (NASDAQ:RILY) After Less Shorted Shares?

The stock of B Riley Financial Incorporated (NASDAQ:RILY) registered a decrease of 11.98% in short interest. RILY’s total short interest was 993,500 shares in December as published by FINRA. Its down 11.98% from 1.13M shares, reported previously. With 73,300 shares average volume, it will take short sellers 14 days to cover their RILY’s short positions. The short interest to B Riley Financial Incorporated’s float is 18.93%.

The stock decreased 1.86% or $0.35 during the last trading session, reaching $18.45. About 94,992 shares traded. B. Riley Financial, Inc. (NASDAQ:RILY) has risen 43.98% since December 8, 2016 and is uptrending. It has outperformed by 27.28% the S&P500.

B. Riley Financial, Inc. provides financial services and solutions primarily in the United States and Europe. The company has market cap of $488.33 million. The firm operates in four divisions: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments. It has a 13.66 P/E ratio. It offers merger and acquisitions, restructuring advisory, initial and secondary public offerings, institutional private placements, corporate finance, and research services, as well as equity securities trading services to corporate, institutional, and high net worth individual clients.

More notable recent B. Riley Financial, Inc. (NASDAQ:RILY) news were published by: Globenewswire.com which released: “B. Riley Financial Announces Pricing of Senior Notes Offering” on December 06, 2017, also Reuters.com with their article: “BRIEF-B. Riley Financial Announces Pricing Of Senior Notes Offering” published on December 06, 2017, Gurufocus.com published: “B. Riley Financial Inc (RILY) Chairman and CEO Bryant R Riley Bought $690053 …” on December 04, 2017. More interesting news about B. Riley Financial, Inc. (NASDAQ:RILY) were released by: Globenewswire.com and their article: “B. Riley Financial to Acquire magicJack VocalTec Ltd. for $8.71 Per Share” published on November 09, 2017 as well as Globenewswire.com‘s news article titled: “B. Riley FBR Acts as Sell-Side Advisor to Atlantic Coast Financial Corporation …” with publication date: December 07, 2017.

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