Short Interest in Chinasoft International Limited (OTCMKTS:CFTLF) Drops By 49.9%

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 414,000 shares, a drop of 49.9% from the December 15th total of 827,000 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is presently 172.5 days.

Separately, The Goldman Sachs Group upgraded Chinasoft International from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, December 14th.

Shares of OTCMKTS CFTLF opened at $1.08 on Friday. Chinasoft International has a twelve month low of $0.95 and a twelve month high of $3.40. The stock has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $1.66.

About Chinasoft International

Chinasoft International Ltd. is an investment holding company, engages in the development and provision of information technology solutions services, IT outsourcing services and training services. It operates through Technical Professional Services (TPG) and Internet Information Technology (IT) Services (IIG) segments.

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