Short Interest in Color Star Technology Co., Ltd. (NASDAQ:ADD) Increases By 70.3%

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 257,900 shares, an increase of 70.3% from the December 15th total of 151,400 shares. Based on an average daily volume of 994,600 shares, the short-interest ratio is presently 0.3 days. Currently, 44.8% of the company’s shares are short sold.

Color Star Technology Stock Up 4.4 %

Shares of ADD opened at $1.91 on Wednesday. The stock’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $36.27. Color Star Technology has a 12 month low of $1.42 and a 12 month high of $185.00.

Institutional Trading of Color Star Technology

A hedge fund recently raised its stake in Color Star Technology stock. Jane Street Group LLC raised its position in Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 324,976 shares of the company’s stock after purchasing an additional 285,016 shares during the period. Jane Street Group LLC owned 0.62% of Color Star Technology worth $331,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 3.44% of the company’s stock.

Color Star Technology Company Profile

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc.