Liberty Broadband Co. (NASDAQ:LBRDP – Get Free Report) was the recipient of a large increase in short interest in 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 trading volume of 26,100 shares, the days-to-cover ratio is presently 1.6 days.
Liberty Broadband Stock Performance
LBRDP stock traded down $0.07 during trading on Tuesday, reaching $24.96. The stock had a trading volume of 3,393 shares, compared to its average volume of 33,087. The firm has a fifty day moving average price of $24.41 and a 200 day moving average price of $23.83. Liberty Broadband has a 1-year low of $21.93 and a 1-year high of $25.45.
Liberty Broadband Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.4375 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.01%.
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.
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