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

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 70,900 shares, a decline of 41.7% from the September 30th total of 121,600 shares. Based on an average trading volume of 72,900 shares, the short-interest ratio is currently 1.0 days.

Tenet Fintech Group Trading Down 17.5 %

Shares of OTCMKTS:PKKFF opened at $0.05 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.93 and a current ratio of 1.93. The stock’s 50-day moving average is $0.06 and its 200-day moving average is $0.06. The company has a market cap of $7.72 million, a P/E ratio of -0.11 and a beta of 1.40. Tenet Fintech Group has a 52-week low of $0.03 and a 52-week high of $0.20.

Tenet Fintech Group (OTCMKTS:PKKFF) last released its earnings results on Thursday, August 29th. The company reported ($0.06) earnings per share (EPS) for the quarter. Tenet Fintech Group had a negative net margin of 466.30% and a negative return on equity of 93.43%. The business had revenue of $0.52 million during the quarter.

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.