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

Basanite, Inc. (OTCMKTS:BASA) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 35,800 shares, a growth of 92.5% from the September 30th total of 18,600 shares. Based on an average daily volume of 2,832,500 shares, the short-interest ratio is presently 0.0 days.

Basanite Stock Performance

BASA stock traded up $0.00 during mid-day trading on Monday, hitting $0.06. The company had a trading volume of 305,100 shares, compared to its average volume of 226,934. Basanite has a 12 month low of $0.00 and a 12 month high of $0.08. The stock’s fifty day moving average price is $0.03 and its two-hundred day moving average price is $0.02.

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.