Liberty Broadband Co. (NASDAQ:LBRDP) Short Interest Up 108.1% in January

Liberty Broadband Co. (NASDAQ:LBRDP) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,041 shares, a growth of 108.1% from the January 15th total of 981 shares. Based on an average trading volume of 7,259 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 7,259 shares, the days-to-cover ratio is currently 0.3 days.

Liberty Broadband Trading Down 0.6%

NASDAQ:LBRDP opened at $23.85 on Friday. The stock has a fifty day simple moving average of $24.25 and a 200-day simple moving average of $24.52. Liberty Broadband has a twelve month low of $23.39 and a twelve month high of $25.55.

Liberty Broadband Increases Dividend

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

About Liberty Broadband

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.