Basanite, Inc. (OTCMKTS:BASA – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,909 shares. Based on an average trading volume of 158,961 shares, the short-interest ratio is currently 0.0 days.
Basanite Stock Down 19.3%
Shares of BASA opened at $0.01 on Friday. Basanite has a 12-month low of $0.01 and a 12-month high of $0.07. The stock’s fifty day simple moving average is $0.02 and its 200-day simple moving average is $0.02.
Basanite Company Profile
Basanite, Inc is a materials and construction-products company focused on basalt fiber reinforced polymer (BFRP) products. Its offerings are designed as alternatives to conventional steel reinforcement in concrete and other infrastructure applications, with an emphasis on corrosion resistance, durability and lightweight construction.
The company’s product portfolio includes basalt fiber reinforcement products such as rebar and related mesh or structural reinforcement materials marketed for use in roads, bridges, buildings, marine structures and other concrete applications.
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