Liberty Broadband Co. (NASDAQ:LBRDP – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,175 shares, a growth of 153.2% from the July 30th total of 2,439 shares. Based on an average daily volume of 8,376 shares, the days-to-cover ratio is presently 0.7 days.
Liberty Broadband Stock Performance
Shares of Liberty Broadband stock opened at $22.13 on Friday. The stock’s 50-day moving average is $21.80 and its 200 day moving average is $22.59. Liberty Broadband has a one year low of $21.05 and a one year high of $25.02.
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.
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