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

Liberty Broadband Co. (NASDAQ:LBRDP) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 981 shares, a decline of 80.3% from the December 31st total of 4,991 shares. Based on an average trading volume of 21,839 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 21,839 shares, the short-interest ratio is currently 0.0 days.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDP traded up $0.06 during trading hours on Wednesday, reaching $24.06. 5,076 shares of the stock were exchanged, compared to its average volume of 15,960. The stock’s fifty day simple moving average is $24.35 and its 200 day simple moving average is $24.61. Liberty Broadband has a 52 week low of $23.39 and a 52 week high of $25.66.

Liberty Broadband Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.4375 per share. This is a positive change from Liberty Broadband’s previous quarterly dividend of $0.44. This represents a $1.75 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend 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.