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

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 813,650 shares, a growth of 1,023.8% from the January 15th total of 72,402 shares. Based on an average trading volume of 1,269,135 shares, the short-interest ratio is presently 0.6 days. Currently, 22.3% of the company’s stock are sold short. Currently, 22.3% of the company’s stock are sold short. Based on an average trading volume of 1,269,135 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in shares of Blue Hat Interactive Entertainment Technology during the third quarter valued at approximately $45,000. Virtu Financial LLC purchased a new stake in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter worth about $65,000. Finally, Susquehanna International Group LLP bought a new position in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter worth about $133,000. Hedge funds and other institutional investors own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Price Performance

BHAT traded down $0.15 during midday trading on Tuesday, reaching $0.60. 351,315 shares of the company’s stock traded hands, compared to its average volume of 563,170. Blue Hat Interactive Entertainment Technology has a 52 week low of $0.53 and a 52 week high of $14.10. The company has a current ratio of 23.03, a quick ratio of 7.27 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $1.16 and a two-hundred day moving average of $1.47.

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.