Basanite, Inc. (OTCMKTS:BASA) Short Interest Update

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 40,700 shares, an increase of 247.9% from the December 15th total of 11,700 shares. Based on an average daily volume of 394,500 shares, the short-interest ratio is presently 0.1 days.

Basanite Trading Down 9.6 %

Shares of Basanite stock traded down $0.01 during trading on Wednesday, hitting $0.08. The stock had a trading volume of 83,705 shares, compared to its average volume of 246,176. The business has a fifty day moving average of $0.05 and a two-hundred day moving average of $0.03. Basanite has a fifty-two week low of $0.00 and a fifty-two week high of $0.09.

About Basanite

Basanite, Inc engages in the basalt fiber reinforced polymer (FRP) business worldwide. It produces basalt FRP products that are used as replacement for other FRP rebar and industry fiber products, as wells as steel reinforcement. The company was formerly known as PayMeOn, Inc and changed its name to Basanite, Inc in December 2018.