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

Asia Broadband, Inc. (OTCMKTS:AABB) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 137,961 shares, a growth of 5,301.8% from the August 31st total of 2,554 shares. Based on an average trading volume of 13,974,841 shares, the short-interest ratio is currently 0.0 days.

Asia Broadband Price Performance

OTCMKTS AABB remained flat at $0.01 on Thursday. 6,806,196 shares of the company’s stock traded hands, compared to its average volume of 9,240,226. The business has a 50-day moving average of $0.01 and a 200-day moving average of $0.01. Asia Broadband has a fifty-two week low of $0.01 and a fifty-two week high of $0.04.

Asia Broadband Company Profile

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.