Short Interest in Color Star Technology Co., Ltd. (NASDAQ:ADD) Declines By 44.2%

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 175,700 shares, a decline of 44.2% from the January 15th total of 314,600 shares. Based on an average trading volume of 1,710,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 30.7% of the company’s stock are short sold.

Color Star Technology Stock Performance

Shares of NASDAQ ADD opened at $1.23 on Thursday. Color Star Technology has a fifty-two week low of $1.12 and a fifty-two week high of $185.00. The business has a 50-day moving average of $2.06 and a 200-day moving average of $33.23.

Institutional Investors Weigh In On 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 0.62% of Color Star Technology worth $331,000 at the end of the most recent reporting period. 3.44% of the stock is currently owned by institutional investors.

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.