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

Chinasoft International Limited (OTCMKTS:CFTLF) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 4,074,697 shares, a decrease of 39.1% from the September 30th total of 6,692,575 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Chinasoft International Price Performance

Shares of CFTLF opened at $0.52 on Friday. The stock’s 50 day moving average is $0.52 and its two-hundred day moving average is $0.55. Chinasoft International has a twelve month low of $0.48 and a twelve month high of $0.81.

Chinasoft International Company Profile

Chinasoft International Limited is an information technology services and software solutions company headquartered in China. The company provides application development, systems integration, IT consulting, managed services and digital transformation support for businesses and government organizations.

Its service offerings include cloud computing, artificial intelligence, big data, enterprise software, cybersecurity and industry-specific technology solutions. Chinasoft International also develops and implements software for sectors such as finance, telecommunications, manufacturing, energy, transportation and public services.

Founded in 2000, the company has expanded its operations beyond mainland China and serves customers through a combination of domestic and international delivery capabilities.