Short Interest in Basanite, Inc. (OTCMKTS:BASA) Increases By 42.9%

Basanite, Inc. (OTCMKTS:BASA) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 12,000 shares, an increase of 42.9% from the August 31st total of 8,400 shares. Based on an average trading volume of 185,100 shares, the days-to-cover ratio is currently 0.1 days.

Basanite Stock Performance

OTCMKTS:BASA traded up $0.00 on Friday, hitting $0.03. 388,126 shares of the stock were exchanged, compared to its average volume of 149,106. Basanite has a 52 week low of $0.00 and a 52 week high of $0.04. The company’s 50-day moving average price is $0.01 and its 200 day moving average price is $0.01.

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.