Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Short Interest Up 122.0% in December

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 63,607 shares, a growth of 122.0% from the December 15th total of 28,657 shares. Based on an average trading volume of 98,526 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.7% of the shares of the company are short sold. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 98,526 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Blue Hat Interactive Entertainment Technology

Several institutional investors have recently added to or reduced their stakes in BHAT. Citadel Advisors LLC bought a new position in Blue Hat Interactive Entertainment Technology during the third quarter worth about $45,000. Virtu Financial LLC purchased a new stake in shares of Blue Hat Interactive Entertainment Technology during the 3rd quarter valued at approximately $65,000. Finally, Susquehanna International Group LLP bought a new position in Blue Hat Interactive Entertainment Technology in the 3rd quarter worth approximately $133,000. 1.94% of the stock is owned by hedge funds and other institutional investors.

Blue Hat Interactive Entertainment Technology Stock Down 2.6%

Shares of BHAT opened at $1.12 on Wednesday. Blue Hat Interactive Entertainment Technology has a 1 year low of $1.07 and a 1 year high of $14.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.27 and a current ratio of 23.03. The stock’s fifty day moving average price is $1.31 and its two-hundred day moving average price is $1.58.

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.