Asia Broadband, Inc. (OTCMKTS:AABB) Sees Large Decline in Short Interest

Asia Broadband, Inc. (OTCMKTS:AABB) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 7,749 shares, a decline of 97.2% from the April 30th total of 273,303 shares. Based on an average trading volume of 13,393,933 shares, the short-interest ratio is presently 0.0 days.

Asia Broadband Stock Down 13.5%

AABB traded down $0.00 on Wednesday, hitting $0.01. The company had a trading volume of 23,393,193 shares, compared to its average volume of 11,004,621. The company’s fifty day moving average price is $0.01 and its 200 day moving average price is $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.