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

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 61,100 shares, an increase of 144.4% from the November 15th total of 25,000 shares. Approximately 10.6% of the company’s stock are sold short. Based on an average trading volume of 182,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

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

Color Star Technology Price Performance

Shares of NASDAQ ADD traded down $0.14 during trading hours on Wednesday, reaching $3.16. 145,344 shares of the stock were exchanged, compared to its average volume of 57,464. The stock’s fifty day simple moving average is $14.84 and its 200 day simple moving average is $39.61. Color Star Technology has a 52 week low of $2.84 and a 52 week 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.