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

Chinasoft International Limited (OTCMKTS:CFTLF) was the recipient of a significant increase in short interest during the month of 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 daily volume of 2,800 shares, the short-interest ratio is presently 7,254.3 days.

Chinasoft International Price Performance

Chinasoft International stock remained flat at $0.76 during mid-day trading on Friday. The business has a fifty day moving average of $0.65 and a two-hundred day moving average of $0.56. Chinasoft International has a twelve month low of $0.41 and a twelve month high of $0.87.

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.