Color Star Technology (NASDAQ:ADD) Shares Down 2.6% – Here’s Why

Color Star Technology Co., Ltd. (NASDAQ:ADD)’s stock price was down 2.6% during trading on Wednesday . The company traded as low as $1.47 and last traded at $1.50. Approximately 1,288,380 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 2,177,185 shares. The stock had previously closed at $1.54.

Color Star Technology Stock Performance

The company’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $33.54.

Institutional Investors Weigh In On Color Star Technology

A hedge fund recently raised its stake in Color Star Technology stock. Jane Street Group LLC grew its holdings in shares of Color Star Technology Co., Ltd. (NASDAQ:ADD) by 713.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 324,976 shares of the company’s stock after buying an additional 285,016 shares during the period. Jane Street Group LLC owned approximately 0.62% of Color Star Technology worth $331,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.44% of the company’s stock.

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.