Liberty Broadband Co. (NASDAQ:LBRDP) Short Interest Down 30.7% in March

Liberty Broadband Co. (NASDAQ:LBRDP) was the target of a large 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 trading volume, of 20,600 shares, the days-to-cover ratio is presently 0.7 days.

Liberty Broadband Trading Down 3.8 %

LBRDP traded down $0.95 on Monday, hitting $24.04. 32,200 shares of the company were exchanged, compared to its average volume of 15,614. Liberty Broadband has a fifty-two week low of $21.99 and a fifty-two week high of $26.88. The business’s fifty day moving average is $25.05 and its 200 day moving average is $24.57.

Liberty Broadband Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend is Monday, March 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.