Asia Broadband, Inc. (OTCMKTS:AABB) Sees Significant Decrease in Short Interest
by Teresa Graham · The Cerbat GemAsia Broadband, Inc. (OTCMKTS:AABB – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 531 shares, a decrease of 99.1% from the May 31st total of 58,815 shares. Based on an average trading volume of 14,681,598 shares, the days-to-cover ratio is currently 0.0 days.
Asia Broadband Price Performance
Shares of OTCMKTS:AABB traded up $0.00 on Thursday, hitting $0.01. The company had a trading volume of 4,321,222 shares, compared to its average volume of 10,414,400. The stock has a 50 day moving average price of $0.01 and a 200 day moving average price of $0.02. Asia Broadband has a 1-year low of $0.01 and a 1-year 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.