Basanite, Inc. (OTCMKTS:BASA) Sees Large Increase in Short Interest

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

Basanite Trading Down 4.2 %

Shares of OTCMKTS:BASA traded down $0.00 during trading hours on Thursday, hitting $0.05. The company’s stock had a trading volume of 68,883 shares, compared to its average volume of 177,193. The firm’s fifty day moving average price is $0.06 and its 200 day moving average price is $0.04. Basanite has a 52 week low of $0.00 and a 52 week 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.