Chinasoft International Limited (OTCMKTS:CFTLF) Short Interest Down 82.3% in January

Chinasoft International Limited (OTCMKTS:CFTLF) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 55,739 shares, a drop of 82.3% from the December 31st total of 314,699 shares. Based on an average daily trading volume, of 20 shares, the short-interest ratio is presently 2,787.0 days. Based on an average daily trading volume, of 20 shares, the short-interest ratio is presently 2,787.0 days.

Chinasoft International Price Performance

Shares of OTCMKTS CFTLF opened at $0.68 on Wednesday. The business’s 50-day simple moving average is $0.67 and its 200-day simple moving average is $0.72. Chinasoft International has a 52 week low of $0.63 and a 52 week high of $0.84.

About Chinasoft International

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.