Short Interest in Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Increases By 644.8%

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 3,346,092 shares, a growth of 644.8% from the February 12th total of 449,269 shares. Based on an average trading volume of 63,898,292 shares, the short-interest ratio is presently 0.1 days. Currently, 91.8% of the shares of the stock are short sold. Currently, 91.8% of the shares of the stock are short sold. Based on an average trading volume of 63,898,292 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, Blue Hat Interactive Entertainment Technology has a consensus rating of “Sell”.

Blue Hat Interactive Entertainment Technology Stock Down 17.4%

Shares of NASDAQ BHAT opened at $1.42 on Wednesday. The firm has a 50 day moving average price of $36.45 and a two-hundred day moving average price of $63.34. Blue Hat Interactive Entertainment Technology has a 52-week low of $1.28 and a 52-week high of $300.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.27 and a current ratio of 23.03.

Institutional Trading of Blue Hat Interactive Entertainment Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. HRT Financial LP acquired a new position in Blue Hat Interactive Entertainment Technology during the 4th quarter worth about $38,000. Citadel Advisors LLC acquired a new stake in shares of Blue Hat Interactive Entertainment Technology in the third quarter valued at about $45,000. Virtu Financial LLC acquired a new stake in shares of Blue Hat Interactive Entertainment Technology in the third quarter valued at about $65,000. Finally, Susquehanna International Group LLP bought a new position in shares of Blue Hat Interactive Entertainment Technology during the third quarter worth about $133,000. 1.94% of the stock is currently owned by institutional investors and hedge funds.

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.