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

Basanite, Inc. (OTCMKTS:BASA) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 11,700 shares, a drop of 86.1% from the November 30th total of 84,200 shares. Based on an average daily trading volume, of 513,400 shares, the days-to-cover ratio is presently 0.0 days.

Basanite Trading Down 8.8 %

Shares of Basanite stock traded down $0.01 on Friday, hitting $0.05. 13,351 shares of the company’s stock were exchanged, compared to its average volume of 257,491. Basanite has a 1 year low of $0.00 and a 1 year high of $0.09. The company has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.03.

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.