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

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

Institutional Trading of Blue Hat Interactive Entertainment Technology

Several large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of Blue Hat Interactive Entertainment Technology during the 3rd quarter worth approximately $45,000. Virtu Financial LLC bought a new stake in shares of Blue Hat Interactive Entertainment Technology during the third quarter valued at approximately $65,000. Finally, Susquehanna International Group LLP purchased a new stake in Blue Hat Interactive Entertainment Technology in the third quarter worth $133,000. 1.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, the company presently has an average rating of “Sell”.

Blue Hat Interactive Entertainment Technology Stock Down 0.3%

Shares of NASDAQ BHAT opened at $0.60 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.27 and a current ratio of 23.03. Blue Hat Interactive Entertainment Technology has a 12 month low of $0.53 and a 12 month high of $9.10. The firm has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $1.46.

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.