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

Liberty Broadband Co. (NASDAQ:LBRDP) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 3,199 shares, a decline of 85.9% from the June 30th total of 22,708 shares. Based on an average daily trading volume, of 6,938 shares, the short-interest ratio is currently 0.5 days.

Liberty Broadband Trading Down 0.6%

Shares of NASDAQ:LBRDP traded down $0.13 during mid-day trading on Friday, reaching $21.57. 8,649 shares of the company traded hands, compared to its average volume of 12,478. The company’s 50 day moving average price is $21.80 and its 200-day moving average price is $22.97. Liberty Broadband has a 52 week low of $21.05 and a 52 week high of $25.55.

Liberty Broadband Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.4375 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.75 annualized dividend and a yield of 8.1%.

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.