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

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,197 shares, a decrease of 53.1% from the May 14th total of 4,686 shares. Based on an average daily volume of 10,348 shares, the days-to-cover ratio is presently 0.2 days.

Liberty Broadband Price Performance

Shares of LBRDP stock traded down $0.16 on Monday, hitting $21.85. The stock had a trading volume of 25,563 shares, compared to its average volume of 13,095. The stock’s 50 day moving average is $22.36 and its 200-day moving average is $23.52. Liberty Broadband has a 52-week low of $21.05 and a 52-week high of $25.55.

Liberty Broadband Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.4375 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.75 annualized dividend 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.