Color Star Technology Co., Ltd. (NASDAQ:ADD) Short Interest Update

Color Star Technology Co., Ltd. (NASDAQ:ADD) saw a large increase in short interest during the month of 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 daily volume of 370,200 shares, the short-interest ratio is presently 0.4 days. Currently, 26.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Color Star Technology

A hedge fund recently raised its stake in Color Star Technology stock. Jane Street Group LLC grew its stake in Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,976 shares of the company’s stock after buying 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 own 3.44% of the company’s stock.

Color Star Technology Trading Down 9.6 %

NASDAQ ADD opened at $2.35 on Friday. Color Star Technology has a 12-month low of $1.88 and a 12-month high of $185.00. The company has a 50 day moving average price of $8.17 and a two-hundred day moving average price of $37.57.

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.