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

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,041 shares, an increase of 108.1% from the January 15th total of 981 shares. Based on an average trading volume of 7,259 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 7,259 shares, the days-to-cover ratio is presently 0.3 days.

Liberty Broadband Trading Down 0.6%

LBRDP traded down $0.14 on Friday, reaching $23.85. The company’s stock had a trading volume of 27,652 shares, compared to its average volume of 12,562. Liberty Broadband has a 1 year low of $23.39 and a 1 year high of $25.55. The business’s 50 day moving average is $24.25 and its 200 day moving average is $24.53.

Liberty Broadband Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.3%. This is a boost from Liberty Broadband’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, December 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.