Liberty Broadband Co. (NASDAQ:LBRDP) Sees Large Drop in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDP) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 13,800 shares, a drop of 30.7% from the February 28th total of 19,900 shares. Based on an average daily volume of 20,600 shares, the short-interest ratio is currently 0.7 days.

Liberty Broadband Trading Up 0.4 %

LBRDP traded up $0.11 on Tuesday, hitting $24.15. 10,716 shares of the stock were exchanged, compared to its average volume of 15,638. Liberty Broadband has a 12 month low of $21.99 and a 12 month high of $26.88. The business has a 50-day moving average of $25.05 and a two-hundred day moving average of $24.57.

Liberty Broadband Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.75 annualized dividend and a dividend yield of 7.25%.

About Liberty Broadband

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.