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

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 184 shares, a drop of 99.3% from the July 30th total of 25,155 shares. Based on an average trading volume of 150,252 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Tenet Fintech Group Stock Down 2.9%

Shares of OTCMKTS:PKKFF traded down $0.01 during midday trading on Tuesday, reaching $0.17. The company’s stock had a trading volume of 67,727 shares, compared to its average volume of 145,802. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.17. The firm has a 50 day moving average price of $0.09 and a two-hundred day moving average price of $0.06. Tenet Fintech Group has a fifty-two week low of $0.02 and a fifty-two week high of $0.20.

Tenet Fintech Group (OTCMKTS:PKKFF) last announced its earnings results on Wednesday, June 24th. The company reported ($0.02) EPS for the quarter. Tenet Fintech Group had a negative net margin of 29.06% and a negative return on equity of 563.34%. The business had revenue of $8.41 million for the quarter.

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. 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.