Tenet Fintech Group (PKKFF) Short Interest Ratio & Short Volume

Short interest is the volume of Tenet Fintech Group shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 65,900 shares of PKKFF short. Learn More on Tenet Fintech Group's current short interest.

Tenet Fintech Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 65,900 shares, an increase of 82.5% from the previous total of 36,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "business services" compare to Tenet Fintech Group: Foresight Autonomous Holdings Ltd. (8.23%), Advanced Health Intelligence Ltd (0.26%), Banzai International, Inc. (1.14%), Presto Automation Inc. (6.59%), Asset Entities Inc. (7.13%), KWESST Micro Systems Inc. (2.59%), Baijiayun Group Ltd (0.97%), Hitek Global Inc. (0.81%), Rubicon Technologies, Inc. (1.49%), AppTech Payments Corp. (1.07%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling PKKFF is an investing strategy that aims to generate trading profit from Tenet Fintech Group as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Tenet Fintech Group occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PKKFF, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PKKFF, twice per month. The most recent reporting period available is March, 31 2024.