Liberty Broadband Co. (NASDAQ:LBRDP) Sees Significant Decline in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDP) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,197 shares, a drop of 53.1% from the May 14th total of 4,686 shares. Based on an average daily volume of 10,348 shares, the days-to-cover ratio is currently 0.2 days.

Liberty Broadband Stock Performance

Shares of LBRDP remained flat at $22.00 during mid-day trading on Friday. 11,250 shares of the stock traded hands, compared to its average volume of 12,984. Liberty Broadband has a 12 month low of $21.05 and a 12 month high of $25.55. The stock has a 50 day moving average of $22.39 and a 200-day moving average of $23.54.

Liberty Broadband Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend 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.