Does KINGSOFT CORPORATION LTD (OTCMKTS:KSFTF) Have Gas After Even More Sellers Involved?

February 14, 2018 - By Max Morgan

The stock of KINGSOFT CORPORATION LTD (OTCMKTS:KSFTF) registered an increase of 7.09% in short interest. KSFTF’s total short interest was 17.65M shares in February as published by FINRA. Its up 7.09% from 16.48M shares, reported previously. With 20,400 shares average volume, it will take short sellers 865 days to cover their KSFTF’s short positions.

It closed at $3.44 lastly. It is down 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Kingsoft Corporation Limited, an investment holding company, operates as a software and Internet services firm in Mainland China, Hong Kong, Singapore, and internationally. The company has market cap of $4.05 billion. It operates through three divisions: Entertainment Software; Information Security and Internet Services; and Cloud services, Office Software and Others. It has a 28.91 P/E ratio. The Company’s Entertainment Software segment is involved in the research and development of games; and provision of online games, mobile games, and casual game services.

More important recent Kingsoft Corporation Limited (OTCMKTS:KSFTF) news were published by: Forbes.com which released: “Chinese Billionaire Lei Jun’s Kingsoft Buys 12.7% Stake In 21Vianet For $172 Mln” on December 01, 2014, also Forbes.com published article titled: “Chinese Billionaire Lei Jun’s Long, Twisting Road At Kingsoft”, Seekingalpha.com published: “Listing WPS Office As A Separate Entity Is Strong Reason To Go Long Kingsoft” on August 03, 2017. More interesting news about Kingsoft Corporation Limited (OTCMKTS:KSFTF) was released by: Marketwatch.com and their article: “Kingsoft Corp. Ltd.” with publication date: August 27, 2009.

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