Short interest in Basanite, Inc. (OTCMKTS:BASA) up 42.9%

Basanite, Inc. (OTCMKTS:BASA – Get Free Report ) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 12,000 shares, up 42.9% from August 31st’s 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.

Performance of the bassanite stock

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 the Basanites

(Get a free report)

Basanite, Inc is engaged in Basalt Fiber Reinforced Polymer (FRP) business worldwide. It produces basalt FRP products that are used as replacements for other FRP rebars and industrial fiber products as well as steel rebars. The company was formerly known as PayMeOn, Inc and changed its name to Basanite, Inc in December 2018.

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