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

Basanite, Inc. (OTCMKTS:BASA) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 18,600 shares, a growth of 55.0% from the September 15th total of 12,000 shares. Based on an average daily volume of 1,561,700 shares, the short-interest ratio is presently 0.0 days.

Basanite Trading Down 20.0 %

Shares of Basanite stock opened at $0.05 on Friday. The company has a 50-day simple moving average of $0.02 and a two-hundred day simple moving average of $0.01. Basanite has a one year low of $0.00 and a one year high of $0.08.

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.