Color Star Technology Co., Ltd. (NASDAQ:ADD) Short Interest Down 75.5% in October

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 76,900 shares, a decrease of 75.5% from the October 15th total of 313,800 shares. Based on an average daily volume of 231,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Color Star Technology

A hedge fund recently bought a new stake in Color Star Technology stock. UBS Group AG purchased a new position in Color Star Technology Co., Ltd. (NASDAQ:ADD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,894 shares of the company’s stock, valued at approximately $48,000. UBS Group AG owned about 0.72% of Color Star Technology as of its most recent SEC filing. 0.52% of the stock is owned by institutional investors and hedge funds.

Color Star Technology Price Performance

Color Star Technology stock opened at $0.22 on Friday. The firm has a 50 day moving average of $0.77 and a 200 day moving average of $1.10. Color Star Technology has a 12-month low of $0.18 and a 12-month high of $2.78.

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.