Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Significant Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFALGet Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 5,470 shares, a growth of 660.8% from the November 30th total of 719 shares. Based on an average daily trading volume, of 53,552 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 53,552 shares, the days-to-cover ratio is presently 0.1 days.

Brighthouse Financial Price Performance

NASDAQ:BHFAL traded up $0.14 during midday trading on Wednesday, hitting $16.54. 93,710 shares of the company were exchanged, compared to its average volume of 41,620. Brighthouse Financial has a fifty-two week low of $16.15 and a fifty-two week high of $24.39. The company has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $18.42.

Brighthouse Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.3906 per share. The ex-dividend date was Monday, December 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.4%.

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.

Further Reading

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