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

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a large increase in short interest in 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 daily volume of 31,300 shares, the days-to-cover ratio is presently 3.2 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $21.31 on Friday. Brighthouse Financial has a twelve month low of $20.65 and a twelve month high of $25.47. The stock’s 50 day moving average is $21.88 and its 200 day moving average is $23.55.

Brighthouse Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Saturday, March 1st were paid a $0.3906 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.33%.

About Brighthouse Financial

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.