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

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

Color Star Technology Price Performance

ADD opened at $1.03 on Friday. The company’s 50 day moving average is $1.38 and its 200 day moving average is $24.21. Color Star Technology has a 12-month low of $0.92 and a 12-month high of $185.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Color Star Technology stock. Jane Street Group LLC boosted its stake in shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 324,976 shares of the company’s stock after purchasing an additional 285,016 shares during the period. Jane Street Group LLC owned about 0.62% of Color Star Technology worth $331,000 at the end of the most recent quarter. Institutional investors own 3.44% of the company’s stock.

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.