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

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

Kingsoft Stock Performance

Kingsoft stock remained flat at $4.11 during trading hours on Friday. The company has a fifty day moving average of $3.59 and a 200 day moving average of $3.43. Kingsoft has a 12 month low of $4.07 and a 12 month high of $4.23.

About Kingsoft

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.