BUZZ-B. Riley set to end February on strong note
ReutersFeb 28, 2025 5:03 PM
Shares of investment bank B. Riley Financial RILY.O jump as much as 17.6%
Stock has more than doubled so far this week and is set for third straight session of gains
RILY, on Thursday, announced $160 million debt facility from Oaktree that helped it pay off its Nomura loan
Stock, earlier this week, also regained Nasdaq compliance after filing of delayed Q3 10Q
Bank has been in heightened turmoil since August, when it suspended its dividend and forecast huge losses due to exposure to Vitamin Shoppe-owner
RILY has short interest of 29.1%, according to data compiled by LSEG
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