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

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 9,497 shares, a drop of 15.5% from the March 31st total of 11,239 shares. Based on an average daily volume of 7,708 shares, the days-to-cover ratio is presently 1.2 days.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock traded up $0.14 on Friday, hitting $21.99. 15,954 shares of the company traded hands, compared to its average volume of 13,025. The stock’s 50 day moving average price is $23.59 and its 200-day moving average price is $24.08. Liberty Broadband has a 52 week low of $21.05 and a 52 week high of $25.55.

Liberty Broadband Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend was Tuesday, March 31st.

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.