Short Interest in Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) Rises By 81.6%

Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 26,700 shares, an increase of 81.6% from the February 29th total of 14,700 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 236,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Fujian Blue Hat Interactive Entertainment Technology

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG bought a new stake in Fujian Blue Hat Interactive Entertainment Technology in the second quarter worth $29,000. Jane Street Group LLC purchased a new stake in Fujian Blue Hat Interactive Entertainment Technology in the second quarter worth about $79,000. Citadel Advisors LLC purchased a new stake in Fujian Blue Hat Interactive Entertainment Technology in the second quarter worth about $135,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Fujian Blue Hat Interactive Entertainment Technology in the third quarter worth about $86,000. 1.94% of the stock is owned by institutional investors.

Fujian Blue Hat Interactive Entertainment Technology Stock Performance

BHAT traded down $0.02 during trading on Thursday, reaching $1.08. 67,359 shares of the stock traded hands, compared to its average volume of 106,285. The stock’s 50-day moving average is $1.07 and its 200 day moving average is $1.18. Fujian Blue Hat Interactive Entertainment Technology has a 12 month low of $0.56 and a 12 month high of $3.00.

About Fujian Blue Hat Interactive Entertainment Technology

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.