Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Stock Short Interest Jumps 438.3%

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 85,336 shares, a growth of 438.3% from the September 15th total of 15,852 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 220,928 shares, the short-interest ratio is presently 0.4 days.

Tenet Fintech Group Stock Down 13.3%

Shares of Tenet Fintech Group stock traded down $0.02 during midday trading on Friday, reaching $0.15. 313,291 shares of the company’s stock traded hands, compared to its average volume of 120,217. The company has a market cap of $74.38 million, a price-to-earnings ratio of -7.43 and a beta of 1.17. The company’s 50 day simple moving average is $0.15 and its 200 day simple moving average is $0.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.08. 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 data on Wednesday, August 26th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm 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 157.07%.

About Tenet Fintech Group

Tenet Fintech Group Inc is a Canadian financial technology company that develops and operates digital platforms designed to connect small and medium-sized businesses with financial institutions, lenders, service providers and other commercial partners.

The company’s principal platform is the Cubeler Business Hub, an online business ecosystem intended to help companies exchange information, identify potential partners and access financial and business services. Through its technology, Tenet seeks to use business data and analytics to support commercial matchmaking, credit assessment and the delivery of financing and related services.

Tenet Fintech Group has historically focused on opportunities in Canada and China, with its business model aimed at serving small and medium-sized enterprises in those markets.