Short Interest in Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Expands By 1,023.8%

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 813,650 shares, an increase of 1,023.8% from the January 15th total of 72,402 shares. Based on an average trading volume of 1,269,135 shares, the short-interest ratio is presently 0.6 days. Approximately 22.3% of the shares of the company are short sold. Approximately 22.3% of the shares of the company are short sold. Based on an average trading volume of 1,269,135 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new position in shares of Blue Hat Interactive Entertainment Technology in the third quarter worth $45,000. Virtu Financial LLC acquired a new stake in Blue Hat Interactive Entertainment Technology in the third quarter worth about $65,000. Finally, Susquehanna International Group LLP acquired a new stake in Blue Hat Interactive Entertainment Technology in the third quarter worth about $133,000. Institutional investors and hedge funds own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Stock Performance

BHAT opened at $0.60 on Wednesday. The company has a quick ratio of 7.27, a current ratio of 23.03 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $1.14 and its 200-day moving average is $1.46. Blue Hat Interactive Entertainment Technology has a twelve month low of $0.53 and a twelve month high of $14.10.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Blue Hat Interactive Entertainment Technology Company Profile

Blue Hat Interactive Entertainment Technology Inc is a China-based provider of cloud-based virtual reality (VR) and augmented reality (AR) solutions for the entertainment, theme park and location-based industries. The company’s core offerings include a software-as-a-service platform that powers interactive VR arcades, immersive theaters and digital theme parks. Through its integrated system, Blue Hat delivers both hardware and software, enabling venue operators to manage content distribution, user access and real-time analytics via a centralized cloud infrastructure.

Blue Hat’s product suite spans VR headsets, motion-sensor equipment and proprietary interactive game titles.