Basanite, Inc. (OTCMKTS:BASA – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,766 shares. Based on an average trading volume of 188,030 shares, the days-to-cover ratio is currently 0.0 days.
Basanite Stock Performance
BASA stock traded up $0.01 during trading on Monday, hitting $0.03. The company had a trading volume of 16,800 shares, compared to its average volume of 140,670. The business has a 50-day moving average of $0.02 and a 200-day moving average of $0.02. Basanite has a one year low of $0.01 and a one year high of $0.07.
Basanite (OTCMKTS:BASA – Get Free Report) last issued its quarterly earnings results on Sunday, June 28th. The company reported ($0.01) earnings per share (EPS) for the quarter.
Basanite Company Profile
Basanite, Inc is a materials company focused on basalt fiber reinforced polymer (BFRP) products for the construction industry. Its products are designed as alternatives to conventional steel reinforcement used in concrete and other structural applications.
The company’s offerings have included basalt-fiber reinforcing bar, mesh and related composite reinforcement products. These materials are intended to provide corrosion-resistant reinforcement for infrastructure, commercial, industrial and residential construction projects.
Basanite has been associated with the development and commercialization of basalt-based composite building materials in the United States.
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