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

Basanite, Inc. (OTCMKTS:BASA) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 11,700 shares, a drop of 86.1% from the November 30th total of 84,200 shares. Based on an average trading volume of 513,400 shares, the days-to-cover ratio is currently 0.0 days.

Basanite Price Performance

BASA traded down $0.00 during trading on Friday, hitting $0.06. 23,032 shares of the company traded hands, compared to its average volume of 256,538. The stock’s fifty day moving average is $0.05 and its 200 day moving average is $0.03. Basanite has a one year low of $0.00 and a one year 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.