Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAN) Rises By 86.6%

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 61,496 shares, an increase of 86.6% from the December 31st total of 32,954 shares. Based on an average daily volume of 115,692 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 115,692 shares, the short-interest ratio is presently 0.5 days.

Brighthouse Financial Trading Down 0.7%

Shares of NASDAQ BHFAN traded down $0.10 during trading on Friday, reaching $13.72. The company had a trading volume of 60,008 shares, compared to its average volume of 123,845. The company’s fifty day moving average price is $13.07 and its 200-day moving average price is $13.45. Brighthouse Financial has a 12 month low of $11.51 and a 12 month high of $17.48.

Brighthouse Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Wednesday, December 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.