Color Star Technology Co., Ltd. (NASDAQ:ADD) Sees Significant Increase in Short Interest

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 151,400 shares, an increase of 147.8% from the November 30th total of 61,100 shares. Based on an average trading volume of 370,200 shares, the short-interest ratio is presently 0.4 days. Approximately 26.3% of the company’s shares are short sold.

Institutional Trading of Color Star Technology

A hedge fund recently raised its stake in Color Star Technology stock. Jane Street Group LLC boosted 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 filing with the Securities & Exchange Commission. The institutional investor owned 324,976 shares of the company’s stock after buying an additional 285,016 shares during the quarter. Jane Street Group LLC owned approximately 0.62% of Color Star Technology worth $331,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.44% of the company’s stock.

Color Star Technology Stock Performance

Shares of NASDAQ ADD opened at $2.35 on Friday. Color Star Technology has a one year low of $1.88 and a one year high of $185.00. The business has a 50-day moving average price of $8.17 and a two-hundred day moving average price of $37.57.

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.