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

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 25,155 shares, an increase of 54.4% from the July 15th total of 16,289 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 540,613 shares, the short-interest ratio is currently 0.0 days.

Tenet Fintech Group Stock Performance

Tenet Fintech Group stock opened at $0.18 on Tuesday. The stock’s 50-day moving average is $0.08 and its 200-day moving average is $0.06. Tenet Fintech Group has a 12 month low of $0.02 and a 12 month high of $0.18. The company has a debt-to-equity ratio of 5.17, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $73.40 million, a price-to-earnings ratio of -5.96 and a beta of 1.12.

Tenet Fintech Group (OTCMKTS:PKKFF) last announced its quarterly earnings results on Wednesday, June 24th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $8.41 million for the quarter. Tenet Fintech Group had a negative return on equity of 563.34% and a negative net margin of 29.06%.

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.