B. Riley Financial Inc (NASDAQ:RILY) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,224,661 shares, a growth of 32.3% from the February 15th total of 925,446 shares. Based on an average trading volume of 28,793 shares, the days-to-cover ratio is currently 42.5 days. Approximately 18.8% of the company’s shares are sold short.
Several institutional investors have recently added to or reduced their stakes in RILY. SG Americas Securities LLC bought a new stake in shares of B. Riley Financial in the 3rd quarter worth about $116,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of B. Riley Financial by 110.3% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,627 shares of the asset manager’s stock worth $130,000 after acquiring an additional 4,000 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of B. Riley Financial by 43.9% in the 2nd quarter. Nationwide Fund Advisors now owns 7,956 shares of the asset manager’s stock worth $148,000 after acquiring an additional 2,428 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of B. Riley Financial in the 4th quarter worth about $192,000. Finally, First Trust Advisors LP bought a new stake in shares of B. Riley Financial in the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 47.28% of the company’s stock.
Shares of B. Riley Financial (NASDAQ:RILY) opened at $18.70 on Wednesday. The stock has a market cap of $492.36, a PE ratio of 12.38 and a beta of 0.71. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 3.07. B. Riley Financial has a twelve month low of $13.55 and a twelve month high of $20.35.
Separately, BidaskClub upgraded shares of B. Riley Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th.
COPYRIGHT VIOLATION NOTICE: “B. Riley Financial Inc (RILY) Sees Significant Growth in Short Interest” was originally posted by Week Herald and is the property of of Week Herald. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://weekherald.com/2018/03/14/b-riley-financial-inc-rily-sees-significant-growth-in-short-interest.html.
B. Riley Financial Company Profile
B. Riley Financial, Inc is an independent investment bank. The Company’s segments include capital markets, auction and liquidation, valuation and appraisal, and Principal Investments-United Online. The capital markets segment provides an array of investment banking, corporate finance, research, wealth management, sales and trading services to corporate, institutional and high net worth clients.
Receive News & Ratings for B. Riley Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B. Riley Financial and related companies with MarketBeat.com's FREE daily email newsletter.