Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Up 247.1% in January

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a significant increase in short interest in 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 volume of 29,785 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 29,785 shares, the short-interest ratio is presently 0.5 days.

Brighthouse Financial Price Performance

NASDAQ:BHFAL opened at $18.00 on Wednesday. Brighthouse Financial has a 1-year low of $16.15 and a 1-year high of $23.88. The business’s 50-day moving average price is $17.11 and its two-hundred day moving average price is $18.00.

Brighthouse Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.3906 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.56 annualized dividend and a yield of 8.7%.

Brighthouse Financial Company Profile

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.