Tenet Fintech Group Inc. (OTCMKTS:PKKFF) Stock Short Interest Jumps 257.2%

Tenet Fintech Group Inc. (OTCMKTS:PKKFF) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 293,579 shares, an increase of 257.2% from the October 15th total of 82,184 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 176,414 shares, the days-to-cover ratio is currently 1.7 days.

Tenet Fintech Group Price Performance

Shares of OTCMKTS:PKKFF traded up $0.00 during midday trading on Thursday, reaching $0.07. 44,338 shares of the company’s stock traded hands, compared to its average volume of 96,714. The company has a fifty day simple moving average of $0.13 and a two-hundred day simple moving average 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 market cap of $34.67 million, a P/E ratio of -3.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.08.

Tenet Fintech Group (OTCMKTS:PKKFF) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.01 EPS for the quarter. The company had revenue of $38.13 million during the quarter. Tenet Fintech Group had a negative net margin of 2.84% and a negative return on equity of 157.07%.

About Tenet Fintech Group

Tenet Fintech Group Inc. is a Canadian financial technology company that develops and operates digital platforms designed to connect businesses with financial and commercial services. Its principal platform, the Cubeler Business Hub, is intended to help small and medium-sized enterprises discover business opportunities, exchange information, access analytics and connect with potential financing and service providers. The company’s business model has historically focused on using data generated through business networks to support lending and other financial services.