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

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 55,484 shares, a growth of 30,054.3% from the August 15th total of 184 shares. Based on an average trading volume of 208,642 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Tenet Fintech Group Price Performance

OTCMKTS:PKKFF traded down $0.02 during trading hours on Thursday, hitting $0.11. 124,387 shares of the stock were exchanged, compared to its average volume of 92,841. The company has a market cap of $45.20 million, a P/E ratio of -5.50 and a beta of 1.11. The firm’s fifty day moving average price is $0.12 and its 200 day moving average price is $0.07. Tenet Fintech Group has a 52-week low of $0.02 and a 52-week high of $0.20. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.17.

Tenet Fintech Group (OTCMKTS:PKKFF) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.01 EPS for the quarter. The firm had revenue of $38.13 million during the quarter. Tenet Fintech Group had a negative return on equity of 1,103.43% and a negative net margin of 2.84%.

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. The company was formerly known as Peak Fintech Group Inc and changed its name to Tenet Fintech Group Inc in November 2021. Tenet Fintech Group Inc was incorporated in 2008 and is headquartered in Toronto, Canada.