Color Star Technology Co., Ltd. (NASDAQ:ADD) Sees Significant Growth in Short Interest

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

Institutional Investors Weigh In On Color Star Technology

A hedge fund recently bought a new stake in Color Star Technology stock. Millennium Management LLC acquired a new position in Color Star Technology Co., Ltd. (NASDAQ:ADD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,093 shares of the company’s stock, valued at approximately $43,000. Millennium Management LLC owned 3.45% of Color Star Technology as of its most recent SEC filing. 3.44% of the stock is currently owned by hedge funds and other institutional investors.

Color Star Technology Price Performance

Shares of Color Star Technology stock opened at $1.03 on Monday. The firm has a 50 day simple moving average of $1.38 and a 200 day simple moving average of $23.94. Color Star Technology has a fifty-two week low of $0.92 and a fifty-two 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.