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

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

Color Star Technology Stock Performance

Shares of NASDAQ ADD opened at $0.71 on Tuesday. The stock’s 50 day moving average price is $1.18 and its 200-day moving average price is $18.59. Color Star Technology has a twelve month low of $0.67 and a twelve month high of $185.00.

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) during 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 as of its most recent filing with the Securities & Exchange Commission. 3.44% of the stock is currently owned by 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.