Basanite, Inc. (OTCMKTS:BASA) Sees Large Decrease in Short Interest

Basanite, Inc. (OTCMKTS:BASA) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 13,200 shares, a decrease of 74.9% from the January 15th total of 52,600 shares. Based on an average daily trading volume, of 232,600 shares, the short-interest ratio is presently 0.1 days.

Basanite Trading Down 6.3 %

OTCMKTS BASA traded down $0.00 during trading hours on Friday, hitting $0.04. The company’s stock had a trading volume of 269,761 shares, compared to its average volume of 142,847. The stock has a fifty day moving average of $0.06 and a 200 day moving average of $0.04. Basanite has a twelve month low of $0.00 and a twelve month high of $0.09.

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.