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

Chinasoft International Limited (OTCMKTS:CFTLF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 7,757,800 shares, a growth of 9.1% from the August 15th total of 7,113,800 shares. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 852.5 days.

Chinasoft International Stock Performance

OTCMKTS CFTLF remained flat at $0.46 during trading hours on Wednesday. The stock’s 50 day moving average is $0.47 and its two-hundred day moving average is $0.53. Chinasoft International has a one year low of $0.41 and a one year high of $0.87.

About Chinasoft International

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, India, Saudi Arabia, and internationally. It operates through Technical Professional Services Group and Internet IT Services Group segments.