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

Kingsoft Co. Limited (OTCMKTS:KSFTF) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 265,200 shares, a growth of 12.9% from the December 15th total of 235,000 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 64.7 days.

Kingsoft Price Performance

Kingsoft stock remained flat at $4.11 during mid-day trading on Friday. The firm’s fifty day simple moving average is $3.59 and its 200 day simple moving average is $3.43. Kingsoft has a 1-year low of $4.07 and a 1-year high of $4.23.

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.