Liberty Broadband Co. (NASDAQ:LBRDP) Short Interest Up 60.6% in December

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 4,991 shares, a growth of 60.6% from the December 15th total of 3,107 shares. Based on an average trading volume of 5,696 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 5,696 shares, the days-to-cover ratio is presently 0.9 days.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDP opened at $24.11 on Friday. The business has a fifty day moving average price of $24.41 and a 200-day moving average price of $24.67. Liberty Broadband has a 1-year low of $23.39 and a 1-year high of $26.88.

Liberty Broadband Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.3%. This is a boost from Liberty Broadband’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, December 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.