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

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a significant drop in short interest in 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 short-interest ratio is presently 1.2 days.

Liberty Broadband Stock Up 0.2%

Liberty Broadband stock opened at $21.90 on Friday. Liberty Broadband has a 1-year low of $21.05 and a 1-year high of $25.55. The company has a fifty day simple moving average of $23.59 and a 200 day simple moving average of $24.08.

Liberty Broadband Announces Dividend

The firm 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 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.