Basanite, Inc. (OTCMKTS:BASA – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 19,531 shares, a decline of 66.9% from the June 30th total of 58,988 shares. Based on an average daily volume of 94,893 shares, the short-interest ratio is presently 0.2 days.
Basanite Price Performance
Shares of OTCMKTS:BASA opened at $0.02 on Friday. The company’s 50-day moving average is $0.02 and its 200 day moving average is $0.03. Basanite has a fifty-two week low of $0.01 and a fifty-two week high of $0.07.
Basanite (OTCMKTS:BASA – Get Free Report) last posted its quarterly earnings data on Sunday, June 28th. The company reported ($0.01) earnings per share (EPS) for the quarter.
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. The company was founded in 2006 and is headquartered in Pompano Beach, Florida.
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