Basanite, Inc. (OTCMKTS:BASA) Short Interest Down 92.6% in March

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 600 shares, a decrease of 92.6% from the February 28th total of 8,100 shares. Based on an average daily volume of 396,700 shares, the short-interest ratio is presently 0.0 days.

Basanite Stock Performance

Shares of OTCMKTS:BASA traded down $0.00 during mid-day trading on Wednesday, hitting $0.05. 245,700 shares of the company traded hands, compared to its average volume of 152,986. The firm’s 50 day simple moving average is $0.04 and its 200 day simple moving average is $0.05. Basanite has a 52-week low of $0.00 and a 52-week high of $0.09.

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.