Basanite, Inc. (OTCMKTS:BASA) Short Interest Up 171.6% in November

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 84,200 shares, an increase of 171.6% from the November 15th total of 31,000 shares. Based on an average daily trading volume, of 1,450,100 shares, the short-interest ratio is presently 0.1 days.

Basanite Trading Up 19.0 %

Shares of BASA stock opened at $0.06 on Thursday. Basanite has a 12 month low of $0.00 and a 12 month high of $0.08. The stock has a 50-day moving average price of $0.05 and a 200 day moving average price of $0.02.

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.