Basanite, Inc. (OTCMKTS:BASA) Sees Large Growth in Short Interest

Basanite, Inc. (OTCMKTS:BASA) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 3,600 shares, a growth of 1,700.0% from the March 31st total of 200 shares. Based on an average daily trading volume, of 302,800 shares, the days-to-cover ratio is currently 0.0 days.

Basanite Trading Up 14.4 %

Shares of BASA stock opened at $0.04 on Friday. The company has a 50 day moving average price of $0.04 and a 200-day moving average price of $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.