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

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,360,000 shares, an increase of 74.6% from the October 15th total of 778,800 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average trading volume of 2,790,000 shares, the days-to-cover ratio is currently 0.5 days.

Color Star Technology Price Performance

Shares of ADD opened at $0.12 on Wednesday. The business’s 50 day moving average is $0.59 and its 200 day moving average is $0.42. Color Star Technology has a 12-month low of $0.12 and a 12-month high of $1.85.

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.