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

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 17,200 shares, an increase of 100.0% from the March 31st total of 8,600 shares. Based on an average trading volume of 182,400 shares, the short-interest ratio is presently 0.1 days.

Basanite Trading Up 14.1 %

Shares of OTCMKTS:BASA traded up $0.00 during midday trading on Friday, reaching $0.01. The company had a trading volume of 10,905 shares, compared to its average volume of 117,994. Basanite has a 1-year low of $0.00 and a 1-year high of $0.08. The company has a fifty day simple moving average of $0.01 and a two-hundred day simple moving average of $0.02.

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.