Short Interest in Basanite, Inc. (OTCMKTS:BASA) Declines By 92.6%

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a large decrease in short interest in the month of 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 currently 0.0 days.

Basanite Stock Performance

BASA traded down $0.00 during midday trading on Thursday, reaching $0.05. The company had a trading volume of 245,700 shares, compared to its average volume of 152,986. The business has a 50-day moving average of $0.04 and a two-hundred day moving average of $0.05. Basanite has a 1 year low of $0.00 and a 1 year 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.