Color Star Technology Co., Ltd. (NASDAQ: ADD) experienced a significant increase in short interest during the month of June, with 456,900 shares of short interest on June 15th, up 181.9% from May 31st’s total of 162,100 shares. 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.
On Friday, shares of Color Star Technology opened at $0.21 and have a range of prices for the past year, with a low of $0.17 and a high of $1.86. The company has moving averages for its stock prices over different time periods: its 50-day moving average price is $0.23 and its 200-day moving average price is $0.28.
Color Star Technology Co., Ltd. is an entertainment and education company that provides online entertainment performances and music education services in the United States and China through its Color World platform. The platform offers various curriculum options including music, sports, animation, painting and calligraphy, film and television, and life skills to its customers.
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