B. Riley Financial, Inc. (NASDAQ:RILY) Short Interest Down 22.5% in March

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 7,630,000 shares, a decline of 22.5% from the February 28th total of 9,840,000 shares. Approximately 48.0% of the company's stock are sold short. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Trading of B. Riley Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in B. Riley Financial by 144.1% during the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager's stock worth $248,000 after buying an additional 31,835 shares during the last quarter. XTX Topco Ltd grew its position in shares of B. Riley Financial by 72.9% during the third quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager's stock worth $177,000 after acquiring an additional 14,232 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of B. Riley Financial by 136.0% during the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager's stock worth $114,000 after acquiring an additional 12,557 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of B. Riley Financial by 37.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager's stock valued at $114,000 after acquiring an additional 5,920 shares during the period. Finally, Toronto Dominion Bank raised its position in B. Riley Financial by 666,766.7% in the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock valued at $92,000 after purchasing an additional 20,003 shares during the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.

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B. Riley Financial Stock Performance

Shares of NASDAQ:RILY traded down $0.35 on Friday, hitting $3.31. 1,058,898 shares of the company's stock were exchanged, compared to its average volume of 1,994,476. The company has a market capitalization of $100.95 million, a PE ratio of -0.16 and a beta of 1.34. B. Riley Financial has a 1-year low of $2.73 and a 1-year high of $40.09. The firm's 50-day moving average is $4.45 and its 200 day moving average is $4.91.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its earnings results on Friday, February 21st. The asset manager reported ($4.97) EPS for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The company had revenue of $199.31 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of B. Riley Financial to a "sell" rating in a research report on Monday, February 24th.

About B. Riley Financial

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.