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

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 450,697 shares, a drop of 88.9% from the October 15th total of 4,074,697 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Chinasoft International Stock Performance

Shares of Chinasoft International stock opened at $0.52 on Wednesday. The stock has a 50 day moving average price of $0.52 and a 200-day moving average price of $0.54. Chinasoft International has a one year low of $0.48 and a one year high of $0.81.

About Chinasoft International

Chinasoft International Limited is a China-based information technology services and digital transformation company. Founded in 2000 and headquartered in Beijing, the company provides software engineering, IT consulting, systems integration and technology outsourcing services to businesses and public-sector organizations. Its offerings include application development and maintenance, enterprise software implementation, cloud computing, data services, artificial intelligence and other solutions designed to help organizations modernize their technology infrastructure and business processes.