AppTech Payments Corp. (NASDAQ:APCX) Short Interest Update

AppTech Payments Corp. (NASDAQ:APCX) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 143,800 shares, a drop of 36.8% from the February 28th total of 227,600 shares. Based on an average daily volume of 3,640,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.6% of the shares of the company are short sold.

AppTech Payments Stock Performance

APCX opened at $0.42 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06. The business has a fifty day simple moving average of $0.41 and a 200 day simple moving average of $0.54. AppTech Payments has a 1 year low of $0.31 and a 1 year high of $1.49. The company has a market capitalization of $11.54 million, a PE ratio of -0.87 and a beta of -0.10.

Institutional Investors Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC boosted its holdings in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,000 shares of the company’s stock after purchasing an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned 0.31% of AppTech Payments worth $44,000 at the end of the most recent reporting period. 5.15% of the stock is currently owned by hedge funds and other institutional investors.

AppTech Payments Company Profile

AppTech Payments Corp., a financial technology company, provides electronic payment processing technologies and merchant services in the United States. Its merchant transaction services offer processing payments for credit and debit cards through point-of-sale equipment, e-commerce gateways, periodic automatic clearing house payments, and gift and loyalty programs.