Short Interest in Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Declines By 99.4%
by Jessica Moore · The Cerbat GemTenet Fintech Group Inc. (OTCMKTS:PKKFF – Get Free Report) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 157 shares, a drop of 99.4% from the May 31st total of 28,383 shares. Based on an average trading volume of 67,797 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Tenet Fintech Group Price Performance
PKKFF traded up $0.00 during midday trading on Friday, reaching $0.06. 201,622 shares of the company’s stock were exchanged, compared to its average volume of 41,895. Tenet Fintech Group has a 1-year low of $0.01 and a 1-year high of $0.11. The stock has a market capitalization of $14.68 million, a PE ratio of -2.00 and a beta of 1.27. The company has a debt-to-equity ratio of 9.61, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day moving average price is $0.05 and its 200 day moving average price is $0.05.
Tenet Fintech Group (OTCMKTS:PKKFF – Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The company reported ($0.02) EPS for the quarter. The business had revenue of $8.41 million during the quarter. Tenet Fintech Group had a negative net margin of 29.06% and a negative return on equity of 408.82%.
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.