Short Interest in Color Star Technology Co., Ltd. (NASDAQ:ADD) Declines By 98.2%

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 25,000 shares, a decrease of 98.2% from the October 31st total of 1,360,000 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Color Star Technology

An institutional investor recently raised its position in Color Star Technology stock. Jane Street Group LLC raised its stake in Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,976 shares of the company’s stock after acquiring 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 SEC filing. Institutional investors own 3.44% of the company’s stock.

Color Star Technology Trading Down 6.0 %

NASDAQ:ADD traded down $0.25 during trading hours on Wednesday, reaching $3.94. 156,158 shares of the stock were exchanged, compared to its average volume of 17,527. Color Star Technology has a 52 week low of $3.55 and a 52 week high of $185.00. The firm has a 50 day simple moving average of $40.98 and a 200-day simple moving average of $41.08.

About Color Star Technology

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.