Short Interest in Basanite, Inc. (OTCMKTS:BASA) Declines By 61.6%

Basanite, Inc. (OTCMKTS:BASAGet Rating) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 21,900 shares, a decline of 61.6% from the March 31st total of 57,000 shares. Based on an average daily trading volume, of 273,000 shares, the short-interest ratio is presently 0.1 days.

OTCMKTS:BASA opened at $0.18 on Friday. The business’s fifty day moving average is $0.17 and its 200 day moving average is $0.21. Basanite has a 52-week low of $0.08 and a 52-week high of $0.67.

About Basanite (Get Rating)

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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