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

Basanite, Inc. (OTCMKTS:BASA) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 600 shares, a decrease of 92.6% from the February 28th total of 8,100 shares. Based on an average trading volume of 396,700 shares, the short-interest ratio is presently 0.0 days.

Basanite Trading Down 2.4 %

Shares of Basanite stock traded down $0.00 during trading hours on Wednesday, reaching $0.05. The company’s stock had a trading volume of 245,700 shares, compared to its average volume of 152,986. Basanite has a one year low of $0.00 and a one year high of $0.09. The company’s 50 day simple moving average is $0.04 and its 200 day simple moving average is $0.05.

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.