Kingsoft Co. Limited (OTCMKTS:KSFTF) Sees Significant Increase in Short Interest

Kingsoft Co. Limited (OTCMKTS:KSFTF) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 398,200 shares, a growth of 46.9% from the January 15th total of 271,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 3,982.0 days.

Kingsoft Price Performance

KSFTF opened at $4.20 on Friday. The firm’s 50-day simple moving average is $3.93 and its 200-day simple moving average is $3.55. Kingsoft has a twelve month low of $4.07 and a twelve month high of $4.48.

Kingsoft Company Profile

Kingsoft Corporation Limited engages in the entertainment and office software and services businesses in Mainland China, Hong Kong, and internationally. It operates in two segments, Office Software and Services, and Entertainment Software and Others. The company is involved in the research and development, operation, and distribution of games; the provision of PC games and mobile games services; and design, research and development, sale, and marketing of office software products and services of WPS Office.