Basanite, Inc. (OTCMKTS:BASA – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 19,531 shares, a drop of 66.9% from the June 30th total of 58,988 shares. Based on an average trading volume of 94,893 shares, the days-to-cover ratio is currently 0.2 days.
Basanite Price Performance
Shares of BASA opened at $0.02 on Tuesday. Basanite has a 12-month low of $0.01 and a 12-month high of $0.07. The business has a 50-day simple moving average of $0.02 and a two-hundred day simple moving average of $0.03.
Basanite (OTCMKTS:BASA – Get Free Report) last announced its quarterly earnings results on Sunday, June 28th. The company reported ($0.01) EPS for the quarter.
Basanite Company Profile
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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