Basanite, Inc. (OTCMKTS:BASA) Short Interest Up 247.9% in December

Basanite, Inc. (OTCMKTS:BASA) was the target of a significant growth in short interest during 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 daily trading volume, of 394,500 shares, the short-interest ratio is currently 0.1 days.

Basanite Stock Performance

BASA stock opened at $0.08 on Tuesday. The company’s fifty day simple moving average is $0.05 and its 200 day simple moving average is $0.03. Basanite has a 12-month low of $0.00 and a 12-month high of $0.09.

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.