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

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 6,111 shares, a drop of 33.9% from the February 26th total of 9,251 shares. Based on an average daily trading volume, of 4,408 shares, the days-to-cover ratio is presently 1.4 days.

Liberty Broadband Stock Up 0.0%

NASDAQ LBRDP traded up $0.01 during trading on Monday, hitting $23.82. 31,871 shares of the company’s stock were exchanged, compared to its average volume of 10,291. Liberty Broadband has a fifty-two week low of $23.39 and a fifty-two week high of $25.55. The stock’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $24.33.

Liberty Broadband Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.75 annualized dividend and a dividend 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.