Short Interest in Basanite, Inc. (OTCMKTS:BASA) Decreases By 15.6%

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

Basanite Stock Performance

OTCMKTS:BASA opened at $0.03 on Friday. The company’s 50-day moving average price is $0.04 and its two-hundred day moving average price is $0.02. Basanite has a 12 month low of $0.00 and a 12 month 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.