Short Interest in Color Star Technology Co., Ltd. (NASDAQ:ADD) Declines By 9.8%

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 1,380,000 shares, a drop of 9.8% from the August 31st total of 1,530,000 shares. Based on an average daily trading volume, of 2,240,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.6% of the company’s stock are sold short.

Color Star Technology Stock Performance

Shares of NASDAQ:ADD opened at $1.02 on Tuesday. The company has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $0.42. Color Star Technology has a 12-month low of $0.17 and a 12-month high of $1.85.

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.