Basanite, Inc. (OTCMKTS:BASA) Sees Significant Decrease in Short Interest

Basanite, Inc. (OTCMKTS:BASA) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 30,200 shares, a drop of 15.6% from the October 15th total of 35,800 shares. Based on an average daily trading volume, of 642,500 shares, the days-to-cover ratio is presently 0.0 days.

Basanite Stock Up 17.9 %

Shares of BASA stock opened at $0.03 on Monday. The company has a 50-day moving average of $0.04 and a two-hundred day moving average of $0.02. Basanite has a 1-year low of $0.00 and a 1-year high of $0.08.

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.