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

Basanite, Inc. (OTCMKTS:BASA) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 30,200 shares, a drop of 15.6% from the October 15th total of 35,800 shares. Based on an average trading volume of 642,500 shares, the days-to-cover ratio is currently 0.0 days.

Basanite Stock Performance

Shares of BASA stock opened at $0.03 on Friday. Basanite has a fifty-two week low of $0.00 and a fifty-two week high of $0.08. The stock’s 50-day simple moving average is $0.04 and its 200-day simple moving average is $0.02.

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.