Color Star Technology Co., Ltd. (NASDAQ:ADD) Short Interest Up 57.4% in February

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a large 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 trading volume of 1,770,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 23.6% of the company’s shares are sold short.

Color Star Technology Stock Performance

Shares of NASDAQ ADD opened at $1.03 on Monday. Color Star Technology has a 52-week low of $0.92 and a 52-week high of $185.00. The firm has a 50 day moving average price of $1.38 and a 200 day moving average price of $23.94.

Hedge Funds Weigh In On Color Star Technology

A hedge fund recently bought a new stake in Color Star Technology stock. Millennium Management LLC bought a new stake in Color Star Technology Co., Ltd. (NASDAQ:ADD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 quarter. Institutional investors and hedge funds own 3.44% of the company’s stock.

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.