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

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) saw a large increase in short interest in 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 daily trading volume, of 1,269,135 shares, the short-interest ratio is currently 0.6 days. Approximately 22.3% of the company’s stock are sold short. Approximately 22.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,269,135 shares, the short-interest ratio is currently 0.6 days.

Blue Hat Interactive Entertainment Technology Stock Performance

Shares of Blue Hat Interactive Entertainment Technology stock traded down $0.15 during trading hours on Tuesday, hitting $0.60. The company’s stock had a trading volume of 351,315 shares, compared to its average volume of 563,170. The business has a 50 day moving average price of $1.16 and a two-hundred day moving average price of $1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 23.03 and a quick ratio of 7.27. Blue Hat Interactive Entertainment Technology has a 12-month low of $0.53 and a 12-month high of $14.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Blue Hat Interactive Entertainment Technology during the third quarter valued at $65,000. Citadel Advisors LLC bought a new position in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at about $45,000. Finally, Susquehanna International Group LLP purchased a new position in Blue Hat Interactive Entertainment Technology in the third quarter worth about $133,000. 1.94% of the stock is currently owned by institutional investors.

About Blue Hat Interactive Entertainment Technology

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.