Color Star Technology Co., Ltd. (NASDAQ:ADD) Short Interest Up 73.4% in April

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 263,800 shares, a growth of 73.4% from the March 31st total of 152,100 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Color Star Technology

An institutional investor recently bought a new position in Color Star Technology stock. Millennium Management LLC bought a new stake in shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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. 3.44% of the stock is currently owned by hedge funds and other institutional investors.

Color Star Technology Stock Performance

ADD stock opened at $0.68 on Thursday. The company has a 50 day moving average price of $0.89 and a 200 day moving average price of $4.18. Color Star Technology has a fifty-two week low of $0.56 and a fifty-two week high of $185.00.

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.