Chinasoft International Limited (OTCMKTS:CFTLF) Short Interest Up 25.7% in October

Chinasoft International Limited (OTCMKTS:CFTLF) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 20,311,900 shares, an increase of 25.7% from the October 15th total of 16,164,600 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 7,254.3 days.

Chinasoft International Stock Performance

CFTLF opened at $0.76 on Friday. The firm has a 50-day moving average of $0.66 and a 200 day moving average of $0.56. Chinasoft International has a fifty-two week low of $0.41 and a fifty-two week high of $0.87.

About Chinasoft International

Chinasoft International Limited, together with its subsidiaries, engages in development and provision of information technology (IT) solutions, IT outsourcing, and training services in the People’s Republic of China, the United States, Malaysia, Japan, Singapore, India, and Saudi Arabia. It operates through Technical Professional Services Group and Internet IT Services Group segments.