Liberty Broadband Co. (NASDAQ:LBRDP) Short Interest Update

Liberty Broadband Co. (NASDAQ:LBRDP) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,991 shares, an increase of 60.6% from the December 15th total of 3,107 shares. Based on an average daily volume of 5,696 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 5,696 shares, the days-to-cover ratio is presently 0.9 days.

Liberty Broadband Trading Down 0.3%

NASDAQ:LBRDP opened at $24.13 on Friday. The firm’s fifty day simple moving average is $24.40 and its 200 day simple moving average is $24.66. Liberty Broadband has a 1 year low of $23.39 and a 1 year high of $26.88.

Liberty Broadband Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.4375 dividend. This is a boost from Liberty Broadband’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.75 dividend on an annualized basis and a yield of 7.3%.

About Liberty Broadband

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.