Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Sees Significant Drop in Short Interest

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 25,500 shares, a drop of 33.2% from the June 30th total of 38,200 shares. Based on an average daily trading volume, of 165,500 shares, the short-interest ratio is currently 0.2 days.

Tenet Fintech Group Trading Down 12.5 %

Shares of OTCMKTS PKKFF traded down $0.01 during midday trading on Monday, hitting $0.05. The stock had a trading volume of 32,726 shares, compared to its average volume of 87,163. The company’s 50-day simple moving average is $0.05 and its 200 day simple moving average is $0.07. The firm has a market cap of $7.58 million, a P/E ratio of -0.11 and a beta of 1.33. Tenet Fintech Group has a fifty-two week low of $0.03 and a fifty-two week high of $0.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 2.17.

Tenet Fintech Group (OTCMKTS:PKKFF) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.04) EPS for the quarter. Tenet Fintech Group had a negative return on equity of 58.95% and a negative net margin of 224.05%. The company had revenue of $0.77 million for 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.