Short Interest in Basanite, Inc. (OTCMKTS:BASA) Grows By 171.6%

Basanite, Inc. (OTCMKTS:BASA) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 84,200 shares, a growth of 171.6% from the November 15th total of 31,000 shares. Based on an average daily trading volume, of 1,450,100 shares, the short-interest ratio is currently 0.1 days.

Basanite Stock Up 8.4 %

BASA traded up $0.00 during trading on Wednesday, hitting $0.05. The company’s stock had a trading volume of 536,903 shares, compared to its average volume of 256,802. The business’s fifty day simple moving average is $0.05 and its 200 day simple moving average is $0.02. Basanite has a twelve month low of $0.00 and a twelve month high of $0.08.

About Basanite

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.