Chinasoft International Limited (OTCMKTS:CFTLF) Short Interest Up 159.6% in May

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,850,697 shares, an increase of 159.6% from the April 30th total of 4,179,737 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Chinasoft International Stock Performance

Chinasoft International stock opened at $0.53 on Friday. The business has a 50-day simple moving average of $0.53 and a two-hundred day simple moving average of $0.61. Chinasoft International has a 52-week low of $0.53 and a 52-week high of $0.81.

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.