Short Interest in Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Drops By 99.4%

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 157 shares, a decrease of 99.4% from the May 31st total of 28,383 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,797 shares, the days-to-cover ratio is currently 0.0 days.

Tenet Fintech Group Price Performance

Tenet Fintech Group stock traded up $0.02 during trading on Thursday, reaching $0.06. The company had a trading volume of 194,459 shares, compared to its average volume of 40,430. The firm’s 50-day simple moving average is $0.05 and its 200 day simple moving average is $0.05. Tenet Fintech Group has a 1-year low of $0.01 and a 1-year high of $0.11. The firm has a market capitalization of $13.90 million, a PE ratio of -1.89 and a beta of 1.27. The company has a debt-to-equity ratio of 9.61, a quick ratio of 0.97 and a current ratio of 0.97.

Tenet Fintech Group (OTCMKTS:PKKFF) last posted its quarterly earnings data on Wednesday, June 24th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $8.41 million for the quarter. Tenet Fintech Group had a negative return on equity of 408.82% 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.