Short Interest in Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Increases By 178.5%

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 293,000 shares, an increase of 178.5% from the August 15th total of 105,200 shares. Based on an average daily volume of 876,800 shares, the short-interest ratio is presently 0.3 days.

Tenet Fintech Group Stock Performance

OTCMKTS PKKFF remained flat at $0.07 during trading hours on Thursday. 31,624 shares of the company’s stock were exchanged, compared to its average volume of 115,362. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.17 and a current ratio of 2.17. The company has a 50 day moving average of $0.06 and a 200-day moving average of $0.07. Tenet Fintech Group has a 1 year low of $0.03 and a 1 year high of $0.24. The company has a market cap of $9.42 million, a PE ratio of -0.14 and a beta of 1.42.

Tenet Fintech Group (OTCMKTS:PKKFF) last announced its quarterly earnings results on Thursday, August 29th. The company reported ($0.06) earnings per share (EPS) for the quarter. Tenet Fintech Group had a negative return on equity of 84.75% and a negative net margin of 466.30%. The company 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.