Basanite, Inc. (OTCMKTS:BASA) Short Interest Up 100.0% in April

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 17,200 shares, a growth of 100.0% from the March 31st total of 8,600 shares. Based on an average daily volume of 182,400 shares, the short-interest ratio is currently 0.1 days.

Basanite Stock Performance

Basanite stock remained flat at $0.01 during trading hours on Friday. 30,905 shares of the company’s stock were exchanged, compared to its average volume of 117,994. Basanite has a 52 week low of $0.00 and a 52 week high of $0.08. The business’s fifty day moving average price is $0.01 and its 200 day moving average price is $0.02.

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.