Short Interest in Color Star Technology Co., Ltd. (NASDAQ:ADD) Rises By 144.4%

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 61,100 shares, a growth of 144.4% from the November 15th total of 25,000 shares. Based on an average trading volume of 182,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 10.6% of the shares of the 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 lifted its stake in shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 324,976 shares of the company’s stock after acquiring an additional 285,016 shares during the period. 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 owned by institutional investors.

Color Star Technology Stock Down 4.3 %

NASDAQ ADD opened at $2.90 on Friday. Color Star Technology has a 1-year low of $2.84 and a 1-year high of $185.00. The business has a 50 day moving average price of $11.96 and a 200 day moving average price of $39.10.

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.