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

Liberty Broadband Co. (NASDAQ:LBRDP) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 4,913 shares, a drop of 48.3% from the April 15th total of 9,497 shares. Based on an average daily volume of 28,804 shares, the short-interest ratio is presently 0.2 days.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDP remained flat at $21.99 on Friday. 12,402 shares of the stock traded hands, compared to its average volume of 13,785. The stock’s 50-day moving average is $23.21 and its 200-day moving average is $23.90. Liberty Broadband has a 12-month low of $21.05 and a 12-month high of $25.55.

Liberty Broadband Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend was 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.