Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Sees Significant Decrease in Short Interest

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 28,657 shares, a decline of 39.3% from the November 30th total of 47,197 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 89,540 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 89,540 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Trading of Blue Hat Interactive Entertainment Technology

Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of Blue Hat Interactive Entertainment Technology in the third quarter valued at approximately $45,000. Virtu Financial LLC acquired a new stake in Blue Hat Interactive Entertainment Technology during the 3rd quarter worth approximately $65,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Blue Hat Interactive Entertainment Technology during the third quarter worth $133,000. Institutional investors and hedge funds own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Price Performance

BHAT stock traded down $0.07 during mid-day trading on Friday, hitting $1.29. 60,093 shares of the company were exchanged, compared to its average volume of 78,988. Blue Hat Interactive Entertainment Technology has a 12-month low of $1.07 and a 12-month high of $24.50. The business has a fifty day simple moving average of $1.40 and a 200-day simple moving average of $1.64. The company has a current ratio of 23.03, a quick ratio of 7.27 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

BHAT has been the topic of a number of analyst reports. Wall Street Zen raised shares of Blue Hat Interactive Entertainment Technology to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.