Basanite, Inc. (OTCMKTS:BASA – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,196 shares, a drop of 78.5% from the July 15th total of 19,531 shares. Based on an average daily trading volume, of 40,698 shares, the short-interest ratio is presently 0.1 days.
Basanite Trading Up 0.5%
Shares of OTCMKTS BASA opened at $0.02 on Thursday. Basanite has a twelve month low of $0.01 and a twelve month high of $0.07. The business has a 50 day simple moving average of $0.02 and a 200-day simple moving average of $0.02.
Basanite (OTCMKTS:BASA – Get Free Report) last posted its quarterly earnings results on Sunday, June 28th. The company reported ($0.01) earnings per share (EPS) for the quarter.
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. The company was founded in 2006 and is headquartered in Pompano Beach, Florida.
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