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

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the recipient of a large 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. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is presently 0.7 days. Approximately 4.3% of the company’s shares are short sold.

Color Star Technology Stock Performance

Color Star Technology stock opened at $3.94 on Thursday. Color Star Technology has a 1 year low of $3.55 and a 1 year high of $185.00. The company’s 50-day moving average is $40.98 and its two-hundred day moving average is $41.08.

Institutional Investors Weigh In On Color Star Technology

An institutional investor recently raised its position in Color Star Technology stock. Jane Street Group LLC boosted its position in shares of 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 SEC. The firm owned 324,976 shares of the company’s stock after purchasing an additional 285,016 shares during the quarter. Jane Street Group LLC owned 0.62% of Color Star Technology worth $331,000 as of its most recent SEC filing. 3.44% of the stock is currently owned by institutional investors.

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.