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

Chinasoft International Limited (OTCMKTS:CFTLF) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 47,739 shares, a drop of 14.4% from the January 15th total of 55,739 shares. Based on an average trading volume of 280 shares, the short-interest ratio is currently 170.5 days. Based on an average trading volume of 280 shares, the short-interest ratio is currently 170.5 days.

Chinasoft International Price Performance

Shares of CFTLF opened at $0.68 on Tuesday. The firm has a fifty day moving average of $0.66 and a 200-day moving average of $0.72. Chinasoft International has a 1 year low of $0.63 and a 1 year high of $0.84.

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.