Short Interest in Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Declines By 44.8%

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 449,269 shares, a drop of 44.8% from the January 29th total of 813,650 shares. Based on an average trading volume of 178,165 shares, the days-to-cover ratio is presently 2.5 days. Currently, 12.3% of the company’s stock are sold short. Currently, 12.3% of the company’s stock are sold short. Based on an average trading volume of 178,165 shares, the days-to-cover ratio is presently 2.5 days.

Blue Hat Interactive Entertainment Technology Stock Down 19.4%

Shares of Blue Hat Interactive Entertainment Technology stock traded down $0.01 during trading on Monday, hitting $0.04. 52,991,833 shares of the stock traded hands, compared to its average volume of 23,110,182. The company has a fifty day moving average price of $0.88 and a two-hundred day moving average price of $1.33. Blue Hat Interactive Entertainment Technology has a twelve month low of $0.04 and a twelve month high of $6.00. The company has a quick ratio of 7.27, a current ratio of 23.03 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. HRT Financial LP acquired a new stake in shares of Blue Hat Interactive Entertainment Technology in the 4th quarter valued at $38,000. Citadel Advisors LLC acquired a new stake in shares of Blue Hat Interactive Entertainment Technology in the third quarter worth about $45,000. Virtu Financial LLC bought a new stake in shares of Blue Hat Interactive Entertainment Technology during the 3rd quarter worth about $65,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Blue Hat Interactive Entertainment Technology during the 3rd quarter valued at about $133,000. Institutional investors and hedge funds own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Company Profile

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.