Short Interest in Basanite, Inc. (OTCMKTS:BASA) Decreases By 74.9%

Basanite, Inc. (OTCMKTS:BASA) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 13,200 shares, a decrease 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 presently 0.1 days.

Basanite Stock Down 7.6 %

OTCMKTS:BASA traded down $0.00 during mid-day trading on Thursday, reaching $0.05. The company’s stock had a trading volume of 97,148 shares, compared to its average volume of 136,602. The stock has a fifty day moving average of $0.06 and a 200-day moving average of $0.04. Basanite has a 1 year low of $0.00 and a 1 year 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.