Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFALGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 15,720 shares, an increase of 247.1% from the December 31st total of 4,529 shares. Based on an average daily trading volume, of 29,785 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 29,785 shares, the short-interest ratio is currently 0.5 days.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $17.84 on Friday. Brighthouse Financial has a one year low of $16.15 and a one year high of $22.53. The firm has a fifty day moving average of $17.14 and a two-hundred day moving average of $18.00.

Brighthouse Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Monday, December 1st.

About Brighthouse Financial

(Get Free Report)

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.

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