Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Significant Decline in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 135,253 shares, a drop of 20.3% from the November 30th total of 169,747 shares. Based on an average daily trading volume, of 95,793 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 95,793 shares, the short-interest ratio is presently 1.4 days.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $15.09 on Wednesday. The firm has a 50-day moving average of $15.77 and a 200-day moving average of $16.77. Brighthouse Financial has a 52-week low of $14.02 and a 52-week high of $22.95.

Brighthouse Financial (NASDAQ:BHFAP) last released its quarterly earnings results on Thursday, February 10th. The company reported $2.10 EPS for the quarter. The business had revenue of $2.15 billion for the quarter.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 10th were issued a dividend of $0.4125 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.65 annualized dividend and a dividend yield of 10.9%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.