Chinasoft International Limited (OTCMKTS:CFTLF) Short Interest Up 25.7% in October

Chinasoft International Limited (OTCMKTS:CFTLF) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 20,311,900 shares, an increase of 25.7% from the October 15th total of 16,164,600 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 7,254.3 days.

Chinasoft International Stock Performance

Shares of OTCMKTS CFTLF remained flat at $0.76 during trading on Friday. Chinasoft International has a 1 year low of $0.41 and a 1 year high of $0.87. The business’s 50-day simple moving average is $0.66 and its 200 day simple moving average is $0.56.

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