Color Star Technology Co., Ltd. (NASDAQ:ADD) Short Interest Down 98.2% in November

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 25,000 shares, a decrease of 98.2% from the October 31st total of 1,360,000 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is presently 0.7 days.

Color Star Technology Stock Down 6.0 %

ADD traded down $0.25 during trading hours on Wednesday, hitting $3.94. The company’s stock had a trading volume of 156,158 shares, compared to its average volume of 17,527. Color Star Technology has a fifty-two week low of $3.55 and a fifty-two week high of $185.00. The company has a 50-day simple moving average of $40.98 and a 200 day simple moving average of $41.08.

Hedge Funds Weigh In On Color Star Technology

An institutional investor recently raised its position in Color Star Technology stock. Jane Street Group LLC increased its stake in 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 (SEC). The institutional investor owned 324,976 shares of the company’s stock after acquiring an additional 285,016 shares during the period. Jane Street Group LLC owned approximately 0.62% of Color Star Technology worth $331,000 at the end of the most recent reporting period. 3.44% of the stock is owned by hedge funds and other institutional investors.

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.