Short Interest in Basanite, Inc. (OTCMKTS:BASA) Decreases By 86.1%

Basanite, Inc. (OTCMKTS:BASA) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 11,700 shares, a decrease of 86.1% from the November 30th total of 84,200 shares. Based on an average daily volume of 513,400 shares, the days-to-cover ratio is presently 0.0 days.

Basanite Stock Performance

Basanite stock traded down $0.01 during midday trading on Friday, reaching $0.05. The company’s stock had a trading volume of 13,351 shares, compared to its average volume of 257,491. The business has a 50-day moving average price of $0.05 and a 200-day moving average price of $0.03. Basanite has a 52 week low of $0.00 and a 52 week 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.