Liberty Broadband Co. (NASDAQ:LBRDP) Short Interest Down 80.3% in January

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 days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 21,839 shares, the days-to-cover ratio is presently 0.0 days.

Liberty Broadband Stock Performance

LBRDP traded down $0.05 during trading on Tuesday, reaching $24.00. The stock had a trading volume of 4,250 shares, compared to its average volume of 16,603. Liberty Broadband has a 1-year low of $23.39 and a 1-year high of $26.24. The stock has a 50 day moving average of $24.35 and a two-hundred day moving average of $24.61.

Liberty Broadband Increases Dividend

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

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.