Short Interest in Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Declines By 33.2%

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 25,500 shares, a decline of 33.2% from the June 30th total of 38,200 shares. Based on an average daily volume of 165,500 shares, the short-interest ratio is currently 0.2 days.

Tenet Fintech Group Price Performance

Shares of PKKFF stock traded down $0.01 during mid-day trading on Monday, reaching $0.05. The company’s stock had a trading volume of 32,726 shares, compared to its average volume of 87,163. The company has a market cap of $7.58 million, a P/E ratio of -0.11 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.17 and a current ratio of 2.17. Tenet Fintech Group has a 1-year low of $0.03 and a 1-year high of $0.27. The firm’s 50-day moving average is $0.05 and its two-hundred day moving average is $0.07.

Tenet Fintech Group (OTCMKTS:PKKFF) last released 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 224.05% and a negative return on equity of 58.95%.

Tenet Fintech Group Company Profile

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.