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The stock of RILY Holdings Corp (ticker: $RILY) has come under scrutiny as it faces significant short-selling pressure, with costs to short the stock reported at 64%. Investors have expressed mixed sentiments regarding the company, with some praising the efforts of short-sellers and analysts who highlighted potential issues within the firm. Notably, one investor recalled a previous high of $35 for the stock, indicating a tumultuous journey for those involved. The conversation around $RILY has been fueled by reports from analysts and the experiences of investors who have been vocal about their strategies and outcomes. As the situation develops, there is anticipation of further volatility in the stock's performance.
It costs 64% to short RILYP, nevermind the common. This is sad for some good folks who work there. It’s a sometimes expensive lesson that when you find heavily-leveraged big ego types, best to stay away. Don’t invest with them and don’t work with them.
Congrats to all of those that did tremendous work on $RILY. I'm sure there will be a few more zigs and zags on this ultimate march to zero. I read the original @WolfpackReports report again this AM. Like all of the best shorts, the more people dug the worse things appeared.…
If it wasnt for @WolfpackReports and @FriendlyBearSA bringing $RILY to my attention this would have never happened and I appreciate their efforts greatly.More to come.