Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 100,100 shares, an increase of 45.1% from the February 28th total of 69,000 shares. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is presently 3.2 days.

Brighthouse Financial Stock Performance

NASDAQ:BHFAL opened at $21.03 on Tuesday. Brighthouse Financial has a 52 week low of $20.65 and a 52 week high of $25.47. The stock’s fifty day moving average is $21.84 and its two-hundred day moving average is $23.52.

Brighthouse Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Saturday, March 1st were given a $0.3906 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.56 dividend on an annualized basis and a yield of 7.43%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.