Chinasoft International Limited (OTCMKTS:CFTLF) Sees Large Growth in Short Interest

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 20,311,900 shares, a growth of 25.7% from the October 15th total of 16,164,600 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 7,254.3 days.

Chinasoft International Price Performance

Chinasoft International stock remained flat at $0.76 during trading on Friday. The business’s 50 day moving average price is $0.66 and its 200 day moving average price is $0.56. Chinasoft International has a 52 week low of $0.41 and a 52 week high of $0.87.

Chinasoft International Company Profile

Chinasoft International Limited, together with its subsidiaries, engages in development and provision of information technology (IT) solutions, IT outsourcing, and training services in the People’s Republic of China, the United States, Malaysia, Japan, Singapore, India, and Saudi Arabia. It operates through Technical Professional Services Group and Internet IT Services Group segments.