Short Interest in Chinasoft International Limited (OTCMKTS:CFTLF) Declines By 74.7%

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 294,699 shares, a decrease of 74.7% from the November 30th total of 1,162,697 shares. Based on an average daily trading volume, of 772 shares, the short-interest ratio is presently 381.7 days. Based on an average daily trading volume, of 772 shares, the short-interest ratio is presently 381.7 days.

Chinasoft International Price Performance

OTCMKTS CFTLF opened at $0.65 on Thursday. Chinasoft International has a 52-week low of $0.63 and a 52-week high of $0.84. The business’s 50-day moving average price is $0.73 and its 200 day moving average price is $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.