Basanite, Inc. (OTCMKTS:BASA – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 58,988 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily trading volume, of 428,494 shares, the days-to-cover ratio is currently 0.1 days.
Basanite Trading Down 9.6%
Basanite stock opened at $0.02 on Wednesday. Basanite has a 52 week low of $0.01 and a 52 week high of $0.07. The firm’s 50-day simple moving average is $0.02 and its 200 day simple moving average is $0.03.
Basanite (OTCMKTS:BASA – Get Free Report) last issued its quarterly earnings data on Sunday, June 28th. The company reported ($0.01) 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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