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

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 103,000 shares, a decrease of 23.8% from the February 28th total of 135,200 shares. Currently, 18.0% of the shares of the company are short sold. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Color Star Technology

An institutional investor recently bought a new position in Color Star Technology stock. Millennium Management LLC acquired a new position in Color Star Technology Co., Ltd. (NASDAQ:ADD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,093 shares of the company’s stock, valued at approximately $43,000. Millennium Management LLC owned 3.45% of Color Star Technology at the end of the most recent reporting period. 3.44% of the stock is currently owned by institutional investors and hedge funds.

Color Star Technology Stock Up 2.2 %

Color Star Technology stock opened at $0.72 on Wednesday. Color Star Technology has a one year low of $0.64 and a one year high of $185.00. The business’s fifty day moving average is $1.17 and its 200 day moving average is $17.59.

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.