B. Riley set to end February on strong note

BRC group

28/02/2025 17:03

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))