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

Basanite, Inc. (OTCMKTS:BASA) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 31,534 shares, an increase of 1,006.8% from the April 15th total of 2,849 shares. Based on an average trading volume of 64,724 shares, the short-interest ratio is presently 0.5 days.

Basanite Stock Performance

OTCMKTS BASA opened at $0.02 on Thursday. Basanite has a 12 month low of $0.01 and a 12 month high of $0.07. The company’s 50 day moving average is $0.03 and its two-hundred day moving average is $0.03.

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.