Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) Short Interest Down 74.3% in September

Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 147,500 shares, a decline of 74.3% from the September 15th total of 574,200 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 596,200 shares, the days-to-cover ratio is presently 0.2 days.

BHAT stock opened at $0.58 on Thursday. The stock’s 50 day moving average is $0.63 and its two-hundred day moving average is $0.83. Fujian Blue Hat Interactive Entertainment Technology has a 52-week low of $0.55 and a 52-week high of $2.20.

Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in Fujian Blue Hat Interactive Entertainment Technology during the 2nd quarter valued at approximately $53,000. Citadel Advisors LLC bought a new stake in Fujian Blue Hat Interactive Entertainment Technology during the 1st quarter valued at $65,000. Finally, Renaissance Technologies LLC raised its stake in Fujian Blue Hat Interactive Entertainment Technology by 22.8% during the 1st quarter. Renaissance Technologies LLC now owns 665,593 shares of the company’s stock valued at $905,000 after acquiring an additional 123,693 shares in the last quarter. Institutional investors own 1.05% of the company’s stock.

About Fujian Blue Hat Interactive Entertainment Technology

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; Â’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.

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