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

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 15,852 shares, a decrease of 71.4% from the August 31st total of 55,484 shares. Based on an average trading volume of 144,936 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Tenet Fintech Group Price Performance

PKKFF opened at $0.18 on Friday. The firm has a market cap of $91.94 million, a PE ratio of -9.19 and a beta of 1.11. The stock has a 50-day moving average price of $0.14 and a 200-day moving average price of $0.08. Tenet Fintech Group has a 1 year low of $0.02 and a 1 year high of $0.20. The company has a debt-to-equity ratio of 5.17, a current ratio of 1.00 and a quick ratio of 1.00.

Tenet Fintech Group (OTCMKTS:PKKFF) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.01 EPS for the quarter. The company had revenue of $38.13 million for the quarter. Tenet Fintech Group had a negative net margin of 2.84% and a negative return on equity of 1,103.43%.

Tenet Fintech Group Company Profile

Tenet Fintech Group Inc, formerly known as Peak Fintech Group Inc, is a Canadian financial technology company focused on providing digital tools and services for businesses and financial institutions. Its principal platform, the Cubeler Business Hub, is designed to connect businesses with lenders, suppliers, service providers and other commercial partners through a data-driven online ecosystem.

The company’s offerings are intended to support business financing, commerce and supply-chain activities.