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

Liberty Broadband Co. (NASDAQ:LBRDP) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 11,239 shares, an increase of 83.9% from the March 15th total of 6,111 shares. Based on an average daily trading volume, of 15,112 shares, the days-to-cover ratio is currently 0.7 days.

Liberty Broadband Trading Up 0.3%

Shares of NASDAQ:LBRDP opened at $23.43 on Monday. Liberty Broadband has a twelve month low of $23.21 and a twelve month high of $25.55. The company’s 50 day moving average is $23.89 and its 200 day moving average is $24.24.

Liberty Broadband Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.5%. The ex-dividend date is Tuesday, March 31st.

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.