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

Tenet Fintech Group Inc. (OTCMKTS:PKKFFGet Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 242,200 shares, an increase of 49.1% from the April 30th total of 162,400 shares. Based on an average daily trading volume, of 153,800 shares, the days-to-cover ratio is currently 1.6 days.

Tenet Fintech Group Stock Down 17.9 %

Shares of OTCMKTS:PKKFF traded down $0.01 during midday trading on Friday, reaching $0.04. 57,990 shares of the company were exchanged, compared to its average volume of 100,328. The firm has a market cap of $6.10 million, a PE ratio of -0.08 and a beta of 1.46. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.18. Tenet Fintech Group has a fifty-two week low of $0.04 and a fifty-two week high of $0.27. The stock has a fifty day simple moving average of $0.07 and a two-hundred day simple moving average of $0.10.

Tenet Fintech Group (OTCMKTS:PKKFFGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.77 million during the quarter. Tenet Fintech Group had a negative net margin of 182.53% and a negative return on equity of 43.27%.

About Tenet Fintech Group

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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.

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