(RILY) - Analyzing B. Riley Financial's Short Interest
Portfolio Pulse from Benzinga Insights
B. Riley Financial (NYSE:RILY) has seen a 21.72% decrease in short interest, now at 10.63 million shares or 52.58% of its float, taking an average of 11.55 days to cover. This decline in short interest could indicate a more bullish sentiment towards RILY compared to its peers, where the average short interest as a percentage of float is 3.00%.
May 08, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
B. Riley Financial's significant decrease in short interest suggests a potential bullish sentiment shift among investors.
The decrease in short interest for B. Riley Financial suggests that fewer investors are betting on the stock's decline, which could be interpreted as a positive sentiment shift. Given the high percentage of float shorted, this change is significant and could lead to a short squeeze if the stock's price starts to rise, further driving up the price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100