Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Up 168.7% in January

Brighthouse Financial, Inc. (NASDAQ:BHFAP) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 23,625 shares, an increase of 168.7% from the December 31st total of 8,792 shares. Based on an average daily volume of 47,644 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 47,644 shares, the days-to-cover ratio is currently 0.5 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $16.88 on Friday. Brighthouse Financial has a 1-year low of $14.02 and a 1-year high of $21.95. The firm’s fifty day simple moving average is $15.82 and its 200-day simple moving average is $16.35.

Brighthouse Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 9.8%. The ex-dividend date was Wednesday, December 10th.

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.