An increase in short interest was experienced by Color Star Technology Co., Ltd. (NASDAQ: ADD) during the month of June. As of June 15th, there were 456,900 shares of short interest, which represented a substantial rise of 181.9% from the total of 162,100 shares on May 31st. Currently, approximately 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.
On Friday, shares of Color Star Technology opened at $0.21 with a high of $1.86 and a low of $0.17 for the past year. The company has a moving average price for its stock over the past 50 days that is $0.23 and $0.28 for its moving average over the past 200 days respectively.
Color Star Technology Co., Ltd is an entertainment and education company that provides online entertainment performances and music education services in both the United States and China through its Color World platform which includes curriculum options such as music, sports, animation, painting and calligraphy, film and television as well as life skills training programs to children and adults alike .
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