Short Interest in Basanite, Inc. (OTCMKTS:BASA) Grows By 171.6%

Basanite, Inc. (OTCMKTS:BASA) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 84,200 shares, an increase of 171.6% from the November 15th total of 31,000 shares. Based on an average daily trading volume, of 1,450,100 shares, the short-interest ratio is presently 0.1 days.

Basanite Stock Performance

Shares of BASA stock traded up $0.00 during trading hours on Wednesday, reaching $0.05. The company had a trading volume of 536,903 shares, compared to its average volume of 256,802. The company has a 50 day moving average of $0.05 and a 200 day moving average of $0.02. Basanite has a 1-year low of $0.00 and a 1-year high of $0.08.

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.