Liberty Broadband Co. (NASDAQ:LBRDP) Sees Large Drop in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 13,800 shares, a decrease of 30.7% from the February 28th total of 19,900 shares. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is currently 0.7 days.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDP traded up $0.11 during trading hours on Tuesday, reaching $24.15. 10,716 shares of the stock were exchanged, compared to its average volume of 15,638. The stock’s fifty day simple moving average is $25.05 and its 200 day simple moving average is $24.57. Liberty Broadband has a 52 week low of $21.99 and a 52 week high of $26.88.

Liberty Broadband Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Monday, March 31st.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.