Basanite, Inc. (OTCMKTS:BASA) Short Interest Down 91.0% in May

Basanite, Inc. (OTCMKTS:BASA) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,849 shares, a drop of 91.0% from the April 30th total of 31,534 shares. Based on an average daily trading volume, of 106,876 shares, the short-interest ratio is presently 0.0 days.

Basanite Stock Performance

Shares of BASA opened at $0.02 on Friday. Basanite has a 1 year low of $0.01 and a 1 year high of $0.07. The stock’s 50-day moving average price is $0.02 and its two-hundred day moving average price is $0.03.

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. The company was founded in 2006 and is headquartered in Pompano Beach, Florida.