Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Sees Large Increase in Short Interest

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 342,200 shares, a growth of 16.8% from the August 31st total of 293,000 shares. Based on an average daily trading volume, of 184,200 shares, the short-interest ratio is presently 1.9 days.

Tenet Fintech Group Price Performance

OTCMKTS:PKKFF traded up $0.01 on Friday, reaching $0.06. 21,782 shares of the company’s stock traded hands, compared to its average volume of 112,629. The firm has a market cap of $9.76 million, a PE ratio of -0.12 and a beta of 1.43. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $0.07 and a 200-day simple moving average of $0.06. Tenet Fintech Group has a 12 month low of $0.03 and a 12 month high of $0.24.

Tenet Fintech Group (OTCMKTS:PKKFF) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.06) EPS for the quarter. Tenet Fintech Group had a negative return on equity of 93.43% and a negative net margin of 466.30%. The business had revenue of $0.52 million during the quarter.

About Tenet Fintech Group

Tenet Fintech Group Inc, through its subsidiaries, provides various analytics and AI-based services to small-and-medium businesses and financial institutions. It offers Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members.