Asia Broadband, Inc. (OTCMKTS:AABB) Short Interest Up 96,024.9% in July

Asia Broadband, Inc. (OTCMKTS:AABB) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 510,423 shares, a growth of 96,024.9% from the June 30th total of 531 shares. Based on an average daily volume of 13,481,638 shares, the days-to-cover ratio is currently 0.0 days.

Asia Broadband Trading Down 1.6%

Shares of OTCMKTS:AABB traded down $0.00 during midday trading on Friday, reaching $0.01. 5,621,126 shares of the company’s stock traded hands, compared to its average volume of 9,772,818. Asia Broadband has a one year low of $0.01 and a one year high of $0.04. The stock has a 50 day moving average of $0.01 and a 200 day 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.