Short Interest in Asia Broadband, Inc. (OTCMKTS:AABB) Decreases By 37.5%

Asia Broadband, Inc. (OTCMKTS:AABB) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 625,392 shares, a drop of 37.5% from the January 15th total of 1,001,001 shares. Based on an average daily trading volume, of 74,261,971 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 74,261,971 shares, the short-interest ratio is presently 0.0 days.

Asia Broadband Trading Down 2.7%

Shares of Asia Broadband stock opened at $0.02 on Friday. Asia Broadband has a 1-year low of $0.01 and a 1-year high of $0.04. The company’s fifty day simple moving average is $0.02 and its 200-day simple moving average is $0.02.

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.