Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Shares Shorted: Short Interest Up 257.2% in October

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 293,579 shares, an increase of 257.2% from the October 15th total of 82,184 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 176,414 shares, the short-interest ratio is presently 1.7 days.

Tenet Fintech Group Stock Performance

Shares of PKKFF stock traded down $0.00 during trading hours on Friday, hitting $0.06. The stock had a trading volume of 54,961 shares, compared to its average volume of 96,779. The firm has a market capitalization of $31.46 million, a PE ratio of -3.08 and a beta of 1.29. Tenet Fintech Group has a twelve month low of $0.02 and a twelve month high of $0.20. The stock’s 50 day moving average is $0.13 and its 200 day moving average is $0.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.08 and a quick ratio of 1.08.

Tenet Fintech Group (OTCMKTS:PKKFF) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.01 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%.

Tenet Fintech Group Company Profile

Tenet Fintech Group Inc. is a Canadian financial technology company that develops and operates digital platforms designed to connect businesses with financial and commercial services. Its principal platform, the Cubeler Business Hub, is intended to help small and medium-sized enterprises discover business opportunities, exchange information, access analytics and connect with potential financing and service providers. The company’s business model has historically focused on using data generated through business networks to support lending and other financial services.