Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Declines By 40.3%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 49,400 shares, a drop of 40.3% from the July 15th total of 82,700 shares. Based on an average trading volume of 24,800 shares, the short-interest ratio is currently 2.0 days.

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAO traded up $0.12 during midday trading on Wednesday, hitting $25.23. 9,109 shares of the company’s stock were exchanged, compared to its average volume of 27,444. Brighthouse Financial has a twelve month low of $19.53 and a twelve month high of $25.50. The firm’s fifty day simple moving average is $24.61 and its 200-day simple moving average is $24.50.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.