Short Interest in Liberty Broadband Co. (NASDAQ:LBRDP) Expands By 292.7%

Liberty Broadband Co. (NASDAQ:LBRDP) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 42,800 shares, a growth of 292.7% from the December 15th total of 10,900 shares. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is presently 1.6 days.

Liberty Broadband Stock Performance

LBRDP stock traded down $0.24 during trading on Monday, hitting $25.03. 12,893 shares of the company’s stock traded hands, compared to its average volume of 37,342. Liberty Broadband has a 1 year low of $21.93 and a 1 year high of $25.45. The business has a fifty day simple moving average of $24.37 and a two-hundred day simple moving average of $23.80.

Liberty Broadband Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.4375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.75 annualized dividend and a yield of 6.99%.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.