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

Asia Broadband, Inc. (OTCMKTS:AABB) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 185,000 shares. Based on an average daily trading volume, of 25,466,125 shares, the days-to-cover ratio is currently 0.0 days.

Asia Broadband Stock Down 1.0%

AABB traded down $0.00 on Friday, hitting $0.01. 8,424,691 shares of the company traded hands, compared to its average volume of 9,198,740. The company has a 50 day moving average of $0.01 and a 200-day moving average of $0.01. Asia Broadband has a 12-month low of $0.01 and a 12-month high of $0.04.

Asia Broadband Company Profile

Asia Broadband, Inc. is a resource company focused on the production, supply and sale of precious metals. The company’s activities have primarily centered on gold and silver, with an emphasis on developing mining and processing operations in Mexico and participating in the broader precious-metals supply chain. Asia Broadband has historically pursued a vertically integrated business model that includes acquiring mineral properties, producing and processing ore, and marketing precious metals. Its operations and projects have been associated primarily with Mexico, including areas within the country’s established gold and silver mining regions.