AppTech Payments Corp. (NASDAQ:APCX) Sees Significant Decline in Short Interest

AppTech Payments Corp. (NASDAQ:APCX) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 359,600 shares, a decline of 23.1% from the August 31st total of 467,500 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 175,700 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On AppTech Payments

A number of large investors have recently bought and sold shares of APCX. Moss Adams Wealth Advisors LLC acquired a new position in AppTech Payments in the second quarter worth $38,000. Concurrent Investment Advisors LLC acquired a new stake in shares of AppTech Payments in the second quarter valued at $49,000. Finally, Armistice Capital LLC bought a new position in shares of AppTech Payments in the fourth quarter valued at about $199,000. 5.15% of the stock is currently owned by institutional investors.

AppTech Payments Price Performance

Shares of NASDAQ:APCX traded down $0.01 on Friday, hitting $0.60. The stock had a trading volume of 230,857 shares, compared to its average volume of 138,104. The company has a market capitalization of $14.81 million, a price-to-earnings ratio of -0.65 and a beta of 0.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50 day moving average price is $0.86 and its 200-day moving average price is $0.95. AppTech Payments has a twelve month low of $0.54 and a twelve month high of $3.58.

AppTech Payments (NASDAQ:APCX) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $0.08 million for the quarter. AppTech Payments had a negative return on equity of 451.88% and a negative net margin of 2,648.70%.

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.