Basanite, Inc. (OTCMKTS:BASA – Get Rating) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 12,300 shares, an increase of 17.1% from the November 30th total of 10,500 shares. Based on an average daily trading volume, of 609,200 shares, the days-to-cover ratio is presently 0.0 days.

Basanite Price Performance

Shares of BASA stock opened at $0.05 on Tuesday. The company's 50 day moving average is $0.07 and its 200 day moving average is $0.10. Basanite has a 52-week low of $0.03 and a 52-week high of $0.28.

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About Basanite

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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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