Short Interest in Color Star Technology Co., Ltd. (NASDAQ:ADD) Grows By 147.8%

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 151,400 shares, a growth of 147.8% from the November 30th total of 61,100 shares. Approximately 26.3% of the shares of the stock are short sold. Based on an average trading volume of 370,200 shares, the short-interest ratio is presently 0.4 days.

Color Star Technology Price Performance

Shares of ADD stock opened at $2.35 on Friday. Color Star Technology has a 12-month low of $1.88 and a 12-month high of $185.00. The firm has a 50-day moving average price of $8.17 and a 200 day moving average price of $37.57.

Institutional Inflows and Outflows

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

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.