Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Up 120.9% in January

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 9,039 shares, a growth of 120.9% from the December 31st total of 4,091 shares. Based on an average daily volume of 37,160 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 37,160 shares, the days-to-cover ratio is currently 0.2 days.

Brighthouse Financial Stock Performance

NASDAQ BHFAM opened at $12.20 on Friday. Brighthouse Financial has a 52 week low of $10.21 and a 52 week high of $15.75. The company has a 50 day moving average price of $11.54 and a 200 day moving average price of $12.01.

Brighthouse Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 10th were issued a $0.2891 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date was Wednesday, December 10th. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.29.

About Brighthouse Financial

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.