Color Star Technology Co., Ltd. (NASDAQ: ADD) experienced a significant increase in short interest during the month of June. As of June 15th, there were 456,900 shares of short interest, which was a substantial rise of 181.9% from the total of 162,100 shares on May 31st. Currently, 6.7% of the company’s stock is being short sold, with a days-to-cover ratio of 0.9 days based on an average daily trading volume of 493,900 shares.
Shares of Color Star Technology opened at $0.21 on Friday, with a 52-week low of $0.17 and a high of $1.86. The company has a 50-day moving average price of $0.23 and a 200-day moving average price of $0.28.
Color Star Technology Co., Ltd. is an entertainment and education company that offers online entertainment performances and music education services in the United States and China. The company’s Color World platform provides a range of curriculum options including music, sports, animation, painting and calligraphy, film and television, and life skills.
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