Short Interest in Chinasoft International Limited (OTCMKTS:CFTLF) Increases By 159.6%

Chinasoft International Limited (OTCMKTS:CFTLF) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 10,850,697 shares, a growth of 159.6% from the April 30th total of 4,179,737 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Chinasoft International Stock Performance

Shares of CFTLF stock opened at $0.53 on Monday. The company’s 50 day moving average price is $0.53 and its two-hundred day moving average price is $0.61. Chinasoft International has a 52 week low of $0.53 and a 52 week 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.