Asia Broadband, Inc. (OTCMKTS:AABB) Sees Significant Increase in Short Interest

Asia Broadband, Inc. (OTCMKTS:AABBGet Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 273,303 shares, a growth of 366.2% from the April 15th total of 58,621 shares. Based on an average daily trading volume, of 12,081,157 shares, the days-to-cover ratio is presently 0.0 days.

Asia Broadband Stock Performance

Shares of OTCMKTS AABB opened at $0.01 on Thursday. The stock’s 50 day moving average price is $0.01 and its two-hundred day moving average price is $0.02. Asia Broadband has a 52-week low of $0.01 and a 52-week high of $0.04.

Asia Broadband Company Profile

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Asia Broadband International, Inc is a U.S.-based company engaged in the integrated production and sale of base and precious metals. Headquartered in Las Vegas, Nevada, the company focuses on the procurement, processing and distribution of copper, gold and silver. Asia Broadband’s business model centers on acquiring copper concentrate from third-party miners and extracting precious metals through its network of processing facilities.

The company operates three wholly owned processing plants in Mexico, where it refines copper concentrate and recovers gold and silver byproducts.

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