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

Liberty Broadband Co. (NASDAQ:LBRDP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 42,800 shares, an increase 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 %

Shares of LBRDP stock traded up $0.21 during trading on Wednesday, hitting $25.17. 48,534 shares of the stock traded hands, compared to its average volume of 34,736. Liberty Broadband has a 52-week low of $21.93 and a 52-week high of $25.45. The firm’s fifty day moving average price is $24.41 and its 200-day moving average price is $23.83.

Liberty Broadband Dividend Announcement

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

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.