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 significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 28,657 shares, a decrease of 39.3% from the November 30th total of 47,197 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 89,540 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 89,540 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are sold short.

Blue Hat Interactive Entertainment Technology Stock Down 11.6%

Shares of NASDAQ:BHAT opened at $1.14 on Tuesday. The company has a current ratio of 23.03, a quick ratio of 7.27 and a debt-to-equity ratio of 0.01. Blue Hat Interactive Entertainment Technology has a 52-week low of $1.07 and a 52-week high of $24.50. The firm has a fifty day moving average of $1.39 and a 200 day moving average of $1.63.

Analyst Ratings Changes

Several equities analysts recently commented on BHAT shares. Weiss Ratings restated a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a research report on Wednesday, October 8th. Wall Street Zen raised Blue Hat Interactive Entertainment Technology to a “hold” rating in a report on Saturday, October 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Blue Hat Interactive Entertainment Technology

Hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new stake in Blue Hat Interactive Entertainment Technology in the third quarter worth approximately $133,000. Virtu Financial LLC bought a new stake in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter worth approximately $65,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at $45,000. 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.