Basanite, Inc. (OTCMKTS:BASA) Short Interest Up 55.0% in September

Basanite, Inc. (OTCMKTS:BASAGet Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 18,600 shares, an increase of 55.0% from the September 15th total of 12,000 shares. Based on an average daily volume of 1,561,700 shares, the short-interest ratio is currently 0.0 days.

Basanite Trading Down 20.0 %

OTCMKTS:BASA opened at $0.05 on Monday. The stock has a 50-day simple moving average of $0.02 and a 200 day simple moving average of $0.01. Basanite has a 52-week low of $0.00 and a 52-week high of $0.08.

About Basanite

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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.

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