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

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,913 shares, a decline of 48.3% from the April 15th total of 9,497 shares. Based on an average trading volume of 28,804 shares, the days-to-cover ratio is currently 0.2 days.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDP remained flat at $21.99 during midday trading on Friday. The company had a trading volume of 12,402 shares, compared to its average volume of 13,785. The company’s fifty day moving average is $23.21 and its 200 day moving average is $23.90. Liberty Broadband has a twelve month low of $21.05 and a twelve month high of $25.55.

Liberty Broadband Dividend Announcement

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

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.