Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) Sees Large Increase in Short Interest

Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 14,290,000 shares, an increase of 303.7% from the February 13th total of 3,540,000 shares. Approximately 11.4% of the company’s stock are short sold. Based on an average daily trading volume, of 102,240,000 shares, the days-to-cover ratio is presently 0.1 days.

Fujian Blue Hat Interactive Entertainment Technology Stock Performance

Fujian Blue Hat Interactive Entertainment Technology stock opened at $0.03 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.06 and a current ratio of 5.88. The business has a fifty day moving average of $0.06 and a two-hundred day moving average of $0.19. Fujian Blue Hat Interactive Entertainment Technology has a twelve month low of $0.03 and a twelve month high of $1.45.

Fujian Blue Hat Interactive Entertainment Technology shares are set to reverse split on Monday, March 17th. The 1-100 reverse split was announced on Wednesday, March 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 14th.

Fujian Blue Hat Interactive Entertainment Technology Company Profile

Fujian Blue Hat Interactive Entertainment Technology Ltd. designs, produces, promotes, and sells animated toys with mobile games features, intellectual property, and peripheral derivatives features worldwide. It offers AR Racer, a car-racing mobile game; AR Crazy Bug, a combat game played using a ladybug-shaped electronic toy; AR 3D Magic Box, which uses AR recognition technology to allow children to draw shapes or objects onto a physical card while the mobile game captures the drawings and animates them onto a set background; AR Dinosaur, an educational toy; and AR Shake Bouncing Bubble, which helps children to improve concentration and reaction, as well as Talking Tom and Friends' Bouncing Bubble.