Short Interest in Liberty Broadband Co. (NASDAQ:LBRDP) Declines By 30.7%

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 13,800 shares, a drop of 30.7% from the February 28th total of 19,900 shares. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is presently 0.7 days.

Liberty Broadband Price Performance

LBRDP traded up $0.10 during trading on Friday, hitting $25.08. The stock had a trading volume of 1,152 shares, compared to its average volume of 15,546. The stock has a 50 day simple moving average of $25.07 and a two-hundred day simple moving average of $24.58. Liberty Broadband has a twelve month low of $21.99 and a twelve month high of $26.88.

Liberty Broadband Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.4375 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.98%.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.