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

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

Basanite Price Performance

Shares of OTCMKTS BASA traded up $0.00 during trading hours on Friday, reaching $0.01. 10,905 shares of the stock were exchanged, compared to its average volume of 117,994. Basanite has a 52 week low of $0.00 and a 52 week high of $0.08. The stock’s fifty day simple moving average is $0.01 and its 200 day simple moving average is $0.02.

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.