Liberty Broadband Co. (NASDAQ:LBRDP) Short Interest Down 80.3% in January

Liberty Broadband Co. (NASDAQ:LBRDP) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 981 shares, a drop of 80.3% from the December 31st total of 4,991 shares. Based on an average trading volume of 21,839 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 21,839 shares, the days-to-cover ratio is currently 0.0 days.

Liberty Broadband Trading Down 0.4%

LBRDP traded down $0.09 during trading on Thursday, reaching $23.97. 2,549 shares of the company’s stock were exchanged, compared to its average volume of 15,250. Liberty Broadband has a one year low of $23.39 and a one year high of $25.55. The firm has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $24.60.

Liberty Broadband Increases Dividend

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