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

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

Liberty Broadband Stock Performance

Shares of LBRDP traded up $0.10 during mid-day trading on Friday, hitting $21.90. The stock had a trading volume of 2,489 shares, compared to its average volume of 12,875. Liberty Broadband has a 52 week low of $21.05 and a 52 week high of $25.55. The business has a fifty day moving average price of $21.82 and a 200-day moving average price of $23.15.

Liberty Broadband Dividend Announcement

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

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.