Basanite, Inc. (OTCMKTS:BASA) Short Interest Up 247.9% in January

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

Basanite Stock Performance

BASA stock opened at $0.05 on Wednesday. The company has a 50 day moving average price of $0.06 and a 200 day moving average price of $0.04. Basanite has a fifty-two week low of $0.00 and a fifty-two week 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.