Bears Target Asiainfo

Shares of Asiainfo Holdings

are falling by 1.38% today, currently trading $23.86, and the shares are attracting put buying as well. The May $25 put was just purchased 2,500 times on the offer; open interest on the strike was only 1,433 contracts, indicating new, bearish positioning. Put activity is now running at 6.12x the daily average with 91% of all puts traded being purchases on the offer. Asiainfo Holdings is struggling to hold the 200-day moving average, which it fell to during the past two weeks. Asiainfo Holdings provides telecommunications software solutions and information technology (

) security products and services in China.