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

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 175,700 shares, a decline of 44.2% from the January 15th total of 314,600 shares. Approximately 30.7% of the shares of the company are short sold. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Color Star Technology

A hedge fund recently raised its stake in Color Star Technology stock. Jane Street Group LLC grew its holdings in shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% during the third quarter, according to its most recent 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 about 0.62% of Color Star Technology worth $331,000 as of its most recent filing with the Securities and Exchange Commission. 3.44% of the stock is owned by institutional investors.

Color Star Technology Stock Performance

Shares of NASDAQ:ADD opened at $1.19 on Friday. Color Star Technology has a 1-year low of $1.12 and a 1-year high of $185.00. The company has a 50 day moving average price of $1.96 and a 200 day moving average price of $32.85.

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.