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

Liberty Broadband Co. (NASDAQ:LBRDP) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 9,251 shares, an increase of 172.6% from the February 12th total of 3,394 shares. Based on an average trading volume of 6,349 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 6,349 shares, the days-to-cover ratio is presently 1.5 days.

Liberty Broadband Stock Down 0.2%

NASDAQ:LBRDP traded down $0.05 on Friday, reaching $24.03. 1,340 shares of the company’s stock were exchanged, compared to its average volume of 9,946. Liberty Broadband has a 52-week low of $23.39 and a 52-week high of $25.55. The business has a fifty day moving average of $24.05 and a 200-day moving average of $24.41.

Liberty Broadband Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

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.