Short Interest in Liberty Broadband Co. (NASDAQ:LBRDP) Rises By 840.7%

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 22,708 shares, an increase of 840.7% from the June 15th total of 2,414 shares. Based on an average daily volume of 14,344 shares, the days-to-cover ratio is currently 1.6 days.

Liberty Broadband Stock Performance

LBRDP traded up $0.10 during trading hours on Friday, hitting $21.90. 2,489 shares of the stock were exchanged, compared to its average volume of 12,875. The stock has a 50-day simple moving average of $21.82 and a 200-day simple moving average of $23.16. Liberty Broadband has a 12 month low of $21.05 and a 12 month high of $25.55.

Liberty Broadband Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

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.