Short Interest in Chinasoft International Limited (OTCMKTS:CFTLF) Increases By 495.4%

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 194,699 shares, a growth of 495.4% from the February 12th total of 32,699 shares. Based on an average daily volume of 889 shares, the days-to-cover ratio is currently 219.0 days. Based on an average daily volume of 889 shares, the days-to-cover ratio is currently 219.0 days.

Chinasoft International Stock Performance

Shares of OTCMKTS:CFTLF remained flat at $0.58 on Tuesday. The company’s fifty day simple moving average is $0.64 and its two-hundred day simple moving average is $0.70. Chinasoft International has a one year low of $0.58 and a one year high of $0.81.

About Chinasoft International

Chinasoft International is a Shenzhen-based provider of end-to-end information technology services and digital solutions. The company specializes in IT consulting, enterprise application development and maintenance, software testing and quality assurance, geographic information systems (GIS) and custom software engineering. Chinasoft serves clients across industries such as finance, telecommunications, manufacturing, healthcare and public sector organizations, helping them modernize legacy systems, build cloud-native applications and harness data analytics and artificial intelligence to drive business insights.

Founded in 2000 and listed on the Hong Kong Stock Exchange in 2006, Chinasoft International has expanded its service portfolio to encompass digital transformation initiatives, including cloud migration, big data management, IoT platform development and cybersecurity solutions.