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

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 5,314 shares, a decrease of 45.1% from the November 30th total of 9,684 shares. Based on an average daily trading volume, of 91,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 91,600 shares, the days-to-cover ratio is presently 0.1 days.

Brighthouse Financial Stock Down 0.7%

BHFAO opened at $15.31 on Friday. Brighthouse Financial has a 1 year low of $14.19 and a 1 year high of $23.75. The firm’s fifty day moving average price is $16.18 and its two-hundred day moving average price is $17.24.

Brighthouse Financial (NASDAQ:BHFAO) last announced its earnings results on Thursday, February 10th. The company reported $2.10 EPS for the quarter. The firm had revenue of $2.15 billion during the quarter.

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 $0.4219 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.69 annualized dividend and a dividend yield of 11.0%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.