Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Large Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 27,081 shares, a drop of 56.0% from the January 15th total of 61,496 shares. Based on an average daily volume of 119,872 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 119,872 shares, the short-interest ratio is currently 0.2 days.

Brighthouse Financial Stock Down 1.3%

NASDAQ BHFAN opened at $13.36 on Thursday. The company has a 50-day moving average price of $13.10 and a 200-day moving average price of $13.48. Brighthouse Financial has a 52 week low of $11.51 and a 52 week high of $17.48.

Brighthouse Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th were given a $0.3359 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.34 annualized dividend and a yield of 10.1%.

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.