Liberty Broadband Co. (NASDAQ:LBRDP) Short Interest Down 19.7% in May

Liberty Broadband Co. (NASDAQ:LBRDP) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 5,300 shares, a decline of 19.7% from the May 15th total of 6,600 shares. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is presently 0.7 days.

Liberty Broadband Stock Performance

Shares of LBRDP traded down $0.12 during mid-day trading on Monday, reaching $23.60. 3,605 shares of the company’s stock traded hands, compared to its average volume of 9,768. The business’s 50-day moving average price is $22.90 and its 200-day moving average price is $22.75. Liberty Broadband has a 12 month low of $20.90 and a 12 month high of $24.30.

Liberty Broadband Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.4375 per share. The ex-dividend date is Monday, July 1st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.42%.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.