Asia Broadband, Inc. (OTCMKTS:AABB) Short Interest Up 188,058.1% in January

Asia Broadband, Inc. (OTCMKTS:AABB) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,001,001 shares, an increase of 188,058.1% from the December 31st total of 532 shares. Based on an average daily trading volume, of 15,253,883 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 15,253,883 shares, the days-to-cover ratio is currently 0.1 days.

Asia Broadband Stock Performance

Shares of AABB stock remained flat at $0.04 during trading hours on Tuesday. 48,111,858 shares of the company’s stock traded hands, compared to its average volume of 17,239,994. Asia Broadband has a 52-week low of $0.01 and a 52-week high of $0.04. The stock has a 50-day simple moving average of $0.02 and a 200 day simple moving average of $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.