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 covered or closed out. As of November 15th, investors have sold 70,800 shares of PKKFF short. Learn More on Tenet Fintech Group's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PKKFF shares currently have a short interest ratio of 1.0. Learn More on Tenet Fintech Group's short interest ratio.

Tenet Fintech Group saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 70,800 shares, a drop of 13.1% from the previous total of 81,500 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: Movella Holdings Inc. (0.46%), Alarum Technologies Ltd. (0.65%), Advanced Health Intelligence Ltd. (0.75%), Hitek Global Inc. (0.08%), CXApp Inc. (2.55%), Foresight Autonomous Holdings Ltd. (2.38%), Asset Entities Inc. (0.31%), Presto Automation Inc. (1.57%), iClick Interactive Asia Group Limited (0.51%), Zenvia Inc. (0.49%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 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 November, 15 2023.