Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT – Get Rating) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 196,700 shares, a drop of 21.0% from the July 15th total of 248,900 shares. Based on an average trading volume of 6,110,000 shares, the short-interest ratio is currently 0.0 days. Approximately 4.9% of the company's shares are sold short.

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. UBS Group AG purchased a new stake in shares of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT – Get Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,296 shares of the company's stock, valued at approximately $29,000. UBS Group AG owned about 0.17% of Fujian Blue Hat Interactive Entertainment Technology as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 2.14% of the company's stock.

Fujian Blue Hat Interactive Entertainment Technology Price Performance

Shares of BHAT stock remained flat at $2.16 during trading hours on Friday. 202,940 shares of the stock traded hands, compared to its average volume of 1,229,945. The firm has a 50 day moving average price of $2.26 and a 200 day moving average price of $2.94. Fujian Blue Hat Interactive Entertainment Technology has a 12-month low of $0.60 and a 12-month high of $8.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.18 and a current ratio of 1.19.

Fujian Blue Hat Interactive Entertainment Technology Company Profile

Fujian Blue Hat Interactive Entertainment Technology Ltd. engages in the designing, producing, promoting, and selling 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; '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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