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


Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT – Get Rating) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 73,400 shares, a decrease of 66.6% from the May 15th total of 219,500 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 67,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in Fujian Blue Hat Interactive Entertainment Technology by 246.5% in the 4th quarter. Renaissance Technologies LLC now owns 451,209 shares of the company’s stock valued at $ 195,000 after purchasing an additional 321,000 shares during the period. Virtu Financial LLC bought a new position in Fujian Blue Hat Interactive Entertainment Technology in the 4th quarter valued at $ 40,000. Hudson Bay Capital Management LP bought a new position in Fujian Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at $ 32,000. Finally, Citadel Advisors LLC bought a new position in Fujian Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at $ 27,000. Institutional investors and hedge funds own 2.14% of the company’s stock.

Shares of Fujian Blue Hat Interactive Entertainment Technology stock opened at $ 1.55 on Friday. The stock has a fifty day simple moving average of $ 3.19 and a 200 day simple moving average of $ 3.67. Fujian Blue Hat Interactive Entertainment Technology has a 12-month low of $ 1.30 and a 12-month high of $ 10.40. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.03.

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; ‘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.

Featured Articles



Receive News & Ratings for Fujian Blue Hat Interactive Entertainment Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fujian Blue Hat Interactive Entertainment Technology and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Comment