Basanite Inc. (OTCMKTS:BASA) Short Interest Update

Basanite Inc. (OTCMKTS:BASA) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,600 shares, an increase of 140.0% from the September 15th total of 1,500 shares. Based on an average daily volume of 448,400 shares, the days-to-cover ratio is presently 0.0 days.

OTCMKTS BASA remained flat at $$0.30 during trading on Thursday. The company’s stock had a trading volume of 116,178 shares, compared to its average volume of 319,557. The stock has a 50 day moving average of $0.33 and a two-hundred day moving average of $0.31. Basanite has a fifty-two week low of $0.19 and a fifty-two week high of $0.67.

Basanite (OTCMKTS:BASA) last posted its earnings results on Monday, August 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million for the quarter.

Basanite Company Profile

Basanite, Inc engages in the manufacturing of concrete-reinforcing products made from basalt fiber reinforced polymers. It focuses on its BasaFlex product. The company was founded on May 30, 2006 and is headquartered in Pompano Beach, FL.

Recommended Story: Options Trading – What is a Straddle?

Receive News & Ratings for Basanite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basanite and related companies with's FREE daily email newsletter.