Basanite, Inc. (OTCMKTS:BASA – Get Free Report) was the recipient of a large increase in short interest in the month of 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 trading volume of 428,494 shares, the short-interest ratio is presently 0.1 days.
Basanite Stock Up 1.8%
Shares of Basanite stock opened at $0.02 on Thursday. The stock’s fifty day moving average is $0.02 and its 200 day moving average is $0.03. Basanite has a one year low of $0.01 and a one year high of $0.07.
Basanite (OTCMKTS:BASA – Get Free Report) last released 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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