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

Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 52,400 shares, a growth of 46.0% from the May 31st total of 35,900 shares. Based on an average daily volume of 65,100 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Fujian Blue Hat Interactive Entertainment Technology

An institutional investor recently bought a new position in Fujian Blue Hat Interactive Entertainment Technology stock. Hudson Bay Capital Management LP bought a new position in shares of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 63,000 shares of the company’s stock, valued at approximately $86,000. Hudson Bay Capital Management LP owned about 0.64% of Fujian Blue Hat Interactive Entertainment Technology at the end of the most recent quarter. 1.94% of the stock is owned by institutional investors and hedge funds.

Fujian Blue Hat Interactive Entertainment Technology Stock Up 2.3 %

Shares of NASDAQ BHAT traded up $0.02 during midday trading on Friday, reaching $1.12. The company’s stock had a trading volume of 8,418 shares, compared to its average volume of 46,497. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.94 and a quick ratio of 3.84. Fujian Blue Hat Interactive Entertainment Technology has a fifty-two week low of $0.86 and a fifty-two week high of $3.00. The stock has a 50 day simple moving average of $1.11 and a 200-day simple moving average of $1.08.

Fujian Blue Hat Interactive Entertainment Technology Company Profile

Fujian Blue Hat Interactive Entertainment Technology Ltd. designs, produces, promotes, and sells animated toys with mobile games features, intellectual property, and peripheral derivatives features worldwide. It offers 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; and AR Shake Bouncing Bubble, which helps children to improve concentration and reaction, as well as Talking Tom and Friends' Bouncing Bubble.