Color Star Technology Co., Ltd. (NASDAQ:ADD) Short Interest Up 70.3% in December

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 257,900 shares, a growth of 70.3% from the December 15th total of 151,400 shares. Based on an average daily trading volume, of 994,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 44.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Color Star Technology stock. Jane Street Group LLC increased its stake in shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,976 shares of the company’s stock after acquiring an additional 285,016 shares during the quarter. Jane Street Group LLC owned about 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 and hedge funds.

Color Star Technology Price Performance

NASDAQ ADD opened at $1.75 on Friday. The stock has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $35.90. Color Star Technology has a twelve month low of $1.42 and a twelve month 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.