Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Declines By 36.8%

AppTech Payments Corp. (NASDAQ:APCX) was the target of a large drop in short interest in 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 3,640,000 shares, the short-interest ratio is currently 0.0 days.

AppTech Payments Stock Performance

Shares of NASDAQ:APCX opened at $0.42 on Friday. AppTech Payments has a 1 year low of $0.31 and a 1 year high of $1.49. The stock has a market capitalization of $11.54 million, a price-to-earnings ratio of -0.87 and a beta of -0.10. 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 company’s 50 day simple moving average is $0.41 and its 200 day simple moving average is $0.54.

Hedge Funds Weigh In On AppTech Payments

An institutional investor recently raised its position in AppTech Payments stock. Moss Adams Wealth Advisors LLC raised its holdings in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,000 shares of the company’s stock after acquiring an additional 45,000 shares during the period. Moss Adams Wealth Advisors LLC owned about 0.31% of AppTech Payments worth $44,000 at the end of the most recent quarter. Institutional investors own 5.15% of the company’s stock.

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.