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

Asia Broadband, Inc. (OTCMKTS:AABB) saw a significant decrease in short interest in 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 daily trading volume, of 14,681,598 shares, the days-to-cover ratio is presently 0.0 days.

Asia Broadband Stock Up 0.8%

OTCMKTS:AABB traded up $0.00 during mid-day trading on Thursday, hitting $0.01. 4,321,222 shares of the company’s stock were exchanged, compared to its average volume of 10,414,400. The company has a 50 day simple moving average of $0.01 and a 200-day simple moving average of $0.02. Asia Broadband has a fifty-two week low of $0.01 and a fifty-two week high of $0.04.

About Asia Broadband

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.