Color Star Technology Co., Ltd. (NASDAQ:ADD) Short Interest Up 57.4% in February

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 135,200 shares, a growth of 57.4% from the February 13th total of 85,900 shares. Based on an average daily trading volume, of 1,770,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 23.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Color Star Technology

An institutional investor recently raised its position in Color Star Technology stock. Jane Street Group LLC grew its holdings in shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 324,976 shares of the company’s stock after purchasing an additional 285,016 shares during the period. Jane Street Group LLC owned approximately 0.62% of Color Star Technology worth $331,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.44% of the company’s stock.

Color Star Technology Trading Up 3.1 %

Color Star Technology stock opened at $1.03 on Friday. The firm has a 50-day moving average of $1.40 and a 200-day moving average of $25.24. Color Star Technology has a 1-year low of $0.92 and a 1-year high of $185.00.

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.