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

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

Basanite Price Performance

OTCMKTS:BASA traded up $0.01 on Monday, reaching $0.08. The stock had a trading volume of 278,916 shares, compared to its average volume of 269,388. The firm’s fifty day moving average is $0.05 and its two-hundred day moving average is $0.03. Basanite has a 12-month low of $0.00 and a 12-month high of $0.09.

Basanite Company Profile

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.