Basanite, Inc. (OTCMKTS:BASA – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,909 shares. Based on an average daily volume of 158,961 shares, the days-to-cover ratio is currently 0.0 days.
Basanite Stock Performance
BASA opened at $0.01 on Friday. The stock has a fifty day moving average of $0.02 and a 200-day moving average of $0.02. Basanite has a 12-month low of $0.01 and a 12-month high of $0.07.
About Basanite
Basanite, Inc is a materials and construction-products company focused on basalt fiber reinforced polymer (BFRP) products. Its offerings are designed as alternatives to conventional steel reinforcement in concrete and other infrastructure applications, with an emphasis on corrosion resistance, durability and lightweight construction.
The company’s product portfolio includes basalt fiber reinforcement products such as rebar and related mesh or structural reinforcement materials marketed for use in roads, bridges, buildings, marine structures and other concrete applications.
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