Liberty Broadband Co. (NASDAQ:LBRDP – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,991 shares, an increase 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 Trading Down 0.3%
LBRDP stock traded down $0.07 during trading on Friday, reaching $24.13. 5,899 shares of the company’s stock were exchanged, compared to its average volume of 20,636. Liberty Broadband has a 1-year low of $23.39 and a 1-year high of $26.88. The company’s fifty day moving average price is $24.40 and its 200-day moving average price is $24.66.
Liberty Broadband Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors 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 an increase from Liberty Broadband’s previous quarterly dividend of $0.44. This represents a $1.75 annualized dividend 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.
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