Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Short Interest Update

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 69,990 shares, a drop of 97.9% from the February 26th total of 3,346,092 shares. Based on an average daily volume of 4,945,411 shares, the days-to-cover ratio is presently 0.0 days. Approximately 12.8% of the shares of the company are short sold. Approximately 12.8% of the shares of the company are short sold. Based on an average daily volume of 4,945,411 shares, the days-to-cover ratio is presently 0.0 days.

Blue Hat Interactive Entertainment Technology Stock Performance

Blue Hat Interactive Entertainment Technology stock remained flat at $0.68 during mid-day trading on Tuesday. Blue Hat Interactive Entertainment Technology has a 52 week low of $0.65 and a 52 week high of $197.00. The business’s fifty day moving average price is $24.78 and its 200 day moving average price is $57.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.27 and a current ratio of 23.03.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP acquired a new position in shares of Blue Hat Interactive Entertainment Technology in the fourth quarter worth about $38,000. Susquehanna International Group LLP acquired a new stake in shares of Blue Hat Interactive Entertainment Technology during the 3rd quarter valued at about $133,000. Citadel Advisors LLC purchased a new position in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at about $45,000. Finally, Virtu Financial LLC purchased a new position in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at about $65,000. Hedge funds and other institutional investors 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.