Short Interest in Liberty Broadband Co. (NASDAQ:LBRDP) Decreases By 15.5%

Liberty Broadband Co. (NASDAQ:LBRDPGet Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 9,497 shares, a decline of 15.5% from the March 31st total of 11,239 shares. Based on an average daily trading volume, of 7,708 shares, the days-to-cover ratio is presently 1.2 days.

Liberty Broadband Stock Up 0.2%

NASDAQ LBRDP traded up $0.05 on Friday, hitting $21.90. 17,107 shares of the stock were exchanged, compared to its average volume of 13,041. The stock has a fifty day moving average price of $23.59 and a two-hundred day moving average price of $24.08. Liberty Broadband has a 52-week low of $21.05 and a 52-week high of $25.55.

Liberty Broadband Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Tuesday, March 31st.

About Liberty Broadband

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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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