Basanite, Inc. (OTCMKTS:BASA – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 36,300 shares, agrowthof485.5% from the July 15th total of 6,200 shares. Based on an average daily trading volume, of 201,700 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 201,700 shares, the days-to-cover ratio is presently 0.2 days.
Basanite Trading Up 1.2%
Shares of BASA stock opened at $0.04 on Friday. Basanite has a fifty-two week low of $0.00 and a fifty-two week high of $0.09. The stock has a 50 day moving average price of $0.03 and a two-hundred day moving average price of $0.04.
Basanite (OTCMKTS:BASA – Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.02) earnings per share for the quarter.
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.
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