Basanite, Inc. (OTCMKTS:BASA) Short Interest Down 86.1% in December

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

Basanite Stock Performance

BASA stock traded down $0.00 on Thursday, reaching $0.06. The company’s stock had a trading volume of 67,000 shares, compared to its average volume of 258,491. The firm has a fifty day moving average of $0.05 and a two-hundred day moving average of $0.03. Basanite has a 52 week low of $0.00 and a 52 week high of $0.09.

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.