Short Interest in Liberty Broadband Co. (NASDAQ:LBRDP) Drops By 23.2%

Liberty Broadband Co. (NASDAQ:LBRDP) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 10,600 shares, a decrease of 23.2% from the March 15th total of 13,800 shares. Based on an average trading volume of 14,800 shares, the short-interest ratio is currently 0.7 days.

Liberty Broadband Stock Up 1.4 %

Shares of NASDAQ:LBRDP traded up $0.35 during midday trading on Friday, reaching $24.25. 3,443 shares of the company’s stock were exchanged, compared to its average volume of 15,764. The firm’s 50 day simple moving average is $24.71 and its two-hundred day simple moving average is $24.54. Liberty Broadband has a fifty-two week low of $22.06 and a fifty-two week high of $26.88.

Liberty Broadband Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.4375 per share. The ex-dividend date was Monday, March 31st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.22%.

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.