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

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 159,300 shares, a drop of 65.3% from the December 31st total of 459,500 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 3,630,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC lifted its position in shares of AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,000 shares of the company’s stock after buying an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned about 0.31% of AppTech Payments worth $44,000 at the end of the most recent reporting period. 5.15% of the stock is owned by institutional investors and hedge funds.

AppTech Payments Price Performance

NASDAQ:APCX traded down $0.00 on Tuesday, hitting $0.42. The company had a trading volume of 144,519 shares, compared to its average volume of 429,965. The firm has a 50 day moving average of $0.52 and a two-hundred day moving average of $0.69. The stock has a market capitalization of $11.61 million, a price-to-earnings ratio of -0.88 and a beta of 0.13. AppTech Payments has a 52 week low of $0.31 and a 52 week high of $2.30. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04.

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.