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

Liberty Broadband Co. (NASDAQ:LBRDP) saw a large growth in short interest in the month of 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 daily volume of 26,100 shares, the short-interest ratio is presently 1.6 days.

Liberty Broadband Stock Up 0.8 %

LBRDP traded up $0.21 on Wednesday, reaching $25.17. The stock had a trading volume of 48,534 shares, compared to its average volume of 34,736. The business’s 50-day moving average price is $24.41 and its two-hundred day moving average price is $23.83. Liberty Broadband has a 12-month low of $21.93 and a 12-month high of $25.45.

Liberty Broadband Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date is Tuesday, December 31st.

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.