Basanite, Inc. (OTCMKTS:BASA) Short Interest Down 74.9% in January

Basanite, Inc. (OTCMKTS:BASA) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 13,200 shares, a decline of 74.9% from the January 15th total of 52,600 shares. Based on an average daily trading volume, of 232,600 shares, the days-to-cover ratio is currently 0.1 days.

Basanite Stock Down 7.6 %

OTCMKTS BASA traded down $0.00 during trading hours on Wednesday, reaching $0.05. The company’s stock had a trading volume of 97,148 shares, compared to its average volume of 136,602. Basanite has a 1 year low of $0.00 and a 1 year high of $0.09. The firm’s 50-day moving average price is $0.06 and its 200-day moving average price is $0.04.

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.