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

Basanite, Inc. (OTCMKTS:BASA) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 40,700 shares, a growth of 247.9% from the December 15th total of 11,700 shares. Based on an average trading volume of 394,500 shares, the days-to-cover ratio is currently 0.1 days.

Basanite Stock Performance

BASA traded up $0.01 during trading on Monday, hitting $0.08. The stock had a trading volume of 278,916 shares, compared to its average volume of 269,388. The company’s 50-day moving average price is $0.05 and its 200 day moving average price is $0.03. Basanite has a twelve month low of $0.00 and a twelve month high of $0.09.

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.