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

Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 14,290,000 shares, an increase of 303.7% from the February 13th total of 3,540,000 shares. Approximately 11.4% of the shares of the company are sold short. Based on an average daily volume of 102,240,000 shares, the short-interest ratio is presently 0.1 days.

Fujian Blue Hat Interactive Entertainment Technology Price Performance

Shares of NASDAQ BHAT opened at $0.03 on Friday. The stock has a fifty day moving average price of $0.06 and a 200 day moving average price of $0.19. The company has a quick ratio of 5.06, a current ratio of 5.88 and a debt-to-equity ratio of 0.02. Fujian Blue Hat Interactive Entertainment Technology has a 1-year low of $0.02 and a 1-year high of $1.45.

Shares of Fujian Blue Hat Interactive Entertainment Technology are set to reverse split before the market opens on Monday, March 17th. The 1-100 reverse split was announced on Wednesday, March 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 14th.

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.