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

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 15,852 shares, a decline of 71.4% from the August 31st total of 55,484 shares. Based on an average daily volume of 144,936 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Tenet Fintech Group Stock Up 1.9%

Shares of Tenet Fintech Group stock traded up $0.00 on Friday, hitting $0.18. 9,065 shares of the company’s stock traded hands, compared to its average volume of 111,497. The stock has a market cap of $91.94 million, a P/E ratio of -9.19 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.17. The firm’s 50-day moving average is $0.14 and its 200 day moving average is $0.08. Tenet Fintech Group has a 52-week low of $0.02 and a 52-week high of $0.20.

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

About Tenet Fintech Group

Tenet Fintech Group Inc, formerly known as Peak Fintech Group Inc, is a Canadian financial technology company focused on providing digital tools and services for businesses and financial institutions. Its principal platform, the Cubeler Business Hub, is designed to connect businesses with lenders, suppliers, service providers and other commercial partners through a data-driven online ecosystem.

The company’s offerings are intended to support business financing, commerce and supply-chain activities.