Liberty Broadband Co. (NASDAQ:LBRDP) Sees Large Drop in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDP) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 4,913 shares, a drop of 48.3% from the April 15th total of 9,497 shares. Based on an average daily volume of 28,804 shares, the short-interest ratio is presently 0.2 days.

Liberty Broadband Stock Down 0.6%

Shares of NASDAQ LBRDP traded down $0.13 during midday trading on Monday, hitting $21.87. The company had a trading volume of 2,141 shares, compared to its average volume of 13,661. Liberty Broadband has a twelve month low of $21.05 and a twelve month high of $25.55. The business has a 50-day simple moving average of $23.21 and a two-hundred day simple moving average of $23.90.

Liberty Broadband Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.4375 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.75 annualized dividend and a dividend yield of 8.0%.

Liberty Broadband Company Profile

Liberty Broadband Corporation (NASDAQ: LBRDP) is a holding company focused on investments in broadband communications. The company’s principal asset is a substantial equity interest in Charter Communications, one of the largest broadband connectivity companies in the United States. Liberty Broadband leverages a tracking stock structure to provide shareholders with direct exposure to the performance of its Charter stake, while maintaining a lean corporate structure that is primarily dedicated to asset management and shareholder returns.

Through its position in Charter Communications, Liberty Broadband participates indirectly in a wide range of digital video, internet and voice services.