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

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) was the recipient of a significant growth in short interest during 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. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 98,526 shares, the days-to-cover ratio is presently 0.6 days. 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 stock are sold short.

Blue Hat Interactive Entertainment Technology Stock Up 3.6%

NASDAQ:BHAT opened at $1.16 on Thursday. The firm’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.58. 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 one year low of $1.07 and a one year high of $14.10.

Institutional Trading of Blue Hat Interactive Entertainment Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in Blue Hat Interactive Entertainment Technology during the 3rd quarter worth $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.

Analysts Set New Price Targets

A number of research firms recently issued reports on BHAT. Wall Street Zen upgraded shares of Blue Hat Interactive Entertainment Technology to a “hold” rating in a research report on Saturday, October 4th. Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Blue Hat Interactive Entertainment Technology has a consensus rating of “Sell”.

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.