Liberty Broadband Co. (NASDAQ:LBRDP – Get Free Report) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 9,251 shares, an increase of 172.6% from the February 12th total of 3,394 shares. Based on an average trading volume of 6,349 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 6,349 shares, the short-interest ratio is currently 1.5 days.
Liberty Broadband Price Performance
Shares of Liberty Broadband stock traded up $0.11 during trading hours on Thursday, reaching $24.10. The company had a trading volume of 7,182 shares, compared to its average volume of 10,127. Liberty Broadband has a one year low of $23.39 and a one year high of $25.55. The business has a fifty day simple moving average of $24.06 and a 200 day simple moving average of $24.41.
Liberty Broadband Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.4375 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.75 annualized dividend and a yield of 7.3%. This is an increase from Liberty Broadband’s previous quarterly dividend of $0.44.
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.
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