Short Interest in Chinasoft International Limited (OTCMKTS:CFTLF) Rises By 2,287.1%

Chinasoft International Limited (OTCMKTS:CFTLF) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 4,074,697 shares, a growth of 2,287.1% from the March 31st total of 170,697 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Chinasoft International Price Performance

Shares of CFTLF remained flat at $0.53 during trading hours on Friday. The business has a 50 day moving average price of $0.55 and a 200-day moving average price of $0.65. Chinasoft International has a twelve month low of $0.53 and a twelve month 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.