Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) Sees Large Drop in Short Interest

Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHATGet Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 384,200 shares, a decrease of 36.4% from the March 31st total of 604,000 shares. Based on an average trading volume of 507,100 shares, the short-interest ratio is presently 0.8 days.

BHAT opened at $0.30 on Friday. The business has a 50 day moving average price of $0.38 and a two-hundred day moving average price of $0.45. Fujian Blue Hat Interactive Entertainment Technology has a 52 week low of $0.26 and a 52 week high of $1.24.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Fujian Blue Hat Interactive Entertainment Technology during the 4th quarter worth approximately $40,000. Citadel Advisors LLC increased its position in Fujian Blue Hat Interactive Entertainment Technology by 94.5% during the 4th quarter. Citadel Advisors LLC now owns 85,325 shares of the company’s stock worth $37,000 after purchasing an additional 41,461 shares during the period. Renaissance Technologies LLC increased its position in Fujian Blue Hat Interactive Entertainment Technology by 246.5% during the 4th quarter. Renaissance Technologies LLC now owns 451,209 shares of the company’s stock worth $195,000 after purchasing an additional 321,000 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in Fujian Blue Hat Interactive Entertainment Technology during the 3rd quarter worth approximately $32,000. Institutional investors own 0.68% of the company’s stock.

Fujian Blue Hat Interactive Entertainment Technology Company Profile (Get Rating)

Fujian Blue Hat Interactive Entertainment Technology Ltd. develops, produces, and operates augmented reality (AR) interactive entertainment games, toys, and educational materials primarily in China. Its products include AR Racer, a car-racing mobile game; AR Crazy Bug, a combat game played using a ladybug-shaped electronic toy; AR 3D Magic Box, which uses AR recognition technology to allow children to draw shapes or objects onto a physical card while the mobile game captures the drawings and animates them onto a set background; AR Dinosaur, an educational toy; Â’Talking Tom and Friends' Bouncing Bubble, which enables children to bounce and play with bubbles; and AR Shake Bouncing Bubble, which helps children to improve concentration and reaction.

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