Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Short Interest Down 44.8% in February

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 449,269 shares, a drop of 44.8% from the January 29th total of 813,650 shares. Approximately 12.3% of the company’s shares are sold short. Based on an average daily volume of 178,165 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 178,165 shares, the short-interest ratio is presently 2.5 days. Approximately 12.3% of the company’s shares are sold short.

Blue Hat Interactive Entertainment Technology Trading Down 11.1%

Blue Hat Interactive Entertainment Technology stock opened at $0.05 on Friday. The company has a 50 day moving average of $0.88 and a 200-day moving average of $1.33. 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 twelve month low of $0.05 and a twelve month high of $6.00.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Blue Hat Interactive Entertainment Technology

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of Blue Hat Interactive Entertainment Technology in the third quarter valued at about $45,000. HRT Financial LP bought a new stake in Blue Hat Interactive Entertainment Technology in the 4th quarter valued at approximately $38,000. Virtu Financial LLC acquired a new position in Blue Hat Interactive Entertainment Technology during the 3rd quarter worth approximately $65,000. Finally, Susquehanna International Group LLP bought a new position in shares of Blue Hat Interactive Entertainment Technology during the 3rd quarter worth approximately $133,000. Institutional investors own 1.94% of the company’s stock.

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.