Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Stock Short Interest Jumps 257.2%

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) saw a large increase in short interest in 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. Based on an average daily trading volume, of 176,414 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the shares of the stock are sold short.

Tenet Fintech Group Price Performance

Shares of Tenet Fintech Group stock traded up $0.00 during mid-day trading on Thursday, reaching $0.07. 44,338 shares of the stock traded hands, compared to its average volume of 96,714. The stock has a market capitalization of $34.67 million, a PE ratio of -3.40 and a beta of 1.29. The business has a 50-day moving average of $0.13 and a 200 day moving average of $0.08. Tenet Fintech Group has a fifty-two week low of $0.02 and a fifty-two week high of $0.20. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.01.

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. Tenet Fintech Group had a negative return on equity of 157.07% and a negative net margin of 2.84%. The firm had revenue of $38.13 million for the quarter.

About Tenet Fintech Group

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.