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

Liberty Broadband Co. (NASDAQ:LBRDP) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,199 shares, a drop of 85.9% from the June 30th total of 22,708 shares. Based on an average daily volume of 6,938 shares, the short-interest ratio is presently 0.5 days.

Liberty Broadband Trading Up 0.6%

Shares of Liberty Broadband stock traded up $0.12 during trading on Monday, hitting $21.80. The stock had a trading volume of 2,724 shares, compared to its average volume of 12,409. Liberty Broadband has a 12 month low of $21.05 and a 12 month high of $25.55. The business’s 50-day moving average is $21.80 and its 200 day moving average is $22.96.

Liberty Broadband Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were 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 was 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.