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

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 55,739 shares, a decrease of 82.3% from the December 31st total of 314,699 shares. Based on an average daily volume of 20 shares, the short-interest ratio is currently 2,787.0 days. Based on an average daily volume of 20 shares, the short-interest ratio is currently 2,787.0 days.

Chinasoft International Stock Up 0.8%

Shares of Chinasoft International stock traded up $0.01 during trading on Tuesday, reaching $0.68. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 21,022. Chinasoft International has a 1-year low of $0.63 and a 1-year high of $0.84. The company has a 50-day simple moving average of $0.67 and a two-hundred day simple moving average of $0.72.

Chinasoft International Company Profile

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.