Liberty Broadband Corporation (NASDAQ:LBRDK), A rise of 1,222,372 shares or 27.3% was seen in the short interest of Liberty Broadband Corporation – Class C Common Stock. Even as the interest increased from 4,483,252 shares on May 31,2016 to 5,705,624 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 8.4% of the stocks floats. The stock has seen an average daily volume of 899,979 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Liberty Broadband Corporation (NASDAQ:LBRDK): The stock opened at $58.71 on Friday but the bulls could not build on the opening and the stock topped out at $59.55 for the day. The stock traded down to $57.20 during the day, due to lack of any buying support eventually closed down at $57.29 with a loss of -5.04% for the day. The stock had closed at $60.33 on the previous day. The total traded volume was 3,978,171 shares.
The company shares have rallied 12.14% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $60.46 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $58.85 and the 200 Day Moving Average price is recorded at $53.85.
Liberty Broadband Corporation (NASDAQ:LBRDK) has tumbled 3.52% during the past week and has dropped 0.4% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.92% during the past week but Liberty Broadband Corporation (NASDAQ:LBRDK) it has outperformed the index in 4 weeks by 2.61%.
Liberty Broadband Corporation holds ownership interests in Charter Communications, Inc. (Charter ) and TruePosition, Inc. (TruePosition), as well as a minority equity interest in Time Warner Cable Inc. (Time Warner Cable). Charter is a cable operator in the United States and provides advanced video, high-speed Internet, and telephone service to residential and business customers. TruePosition is a provider of mission-critical location based solutions enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world. Time Warner Cable is a cable operator in the United States offering residential and commercial video, high-speed data and voice services over its broadband cable systems.