Short Interest in Basanite, Inc. (OTCMKTS:BASA) Declines By 95.5%

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,500 shares, a decrease of 95.5% from the June 15th total of 33,500 shares. Based on an average trading volume of 247,300 shares, the days-to-cover ratio is presently 0.0 days.

Basanite Price Performance

Shares of BASA stock remained flat at $0.01 during trading hours on Thursday. 20,100 shares of the company were exchanged, compared to its average volume of 106,818. The company’s fifty day simple moving average is $0.01 and its 200-day simple moving average is $0.01. Basanite has a 1-year low of $0.00 and a 1-year high of $0.05.

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.