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

AppTech Payments Corp. (NASDAQ:APCX) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 37,700 shares, an increase of 34.2% from the May 31st total of 28,100 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 135,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AppTech Payments stock. Armistice Capital LLC acquired a new stake in AppTech Payments Corp. (NASDAQ:APCX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 100,000 shares of the company’s stock, valued at approximately $199,000. Armistice Capital LLC owned 0.48% of AppTech Payments 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 Stock Down 2.0 %

AppTech Payments stock opened at $0.94 on Friday. The company has a market cap of $23.25 million, a P/E ratio of -1.02 and a beta of 0.81. AppTech Payments has a 1-year low of $0.80 and a 1-year high of $4.81. The company has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $1.32. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.02.

AppTech Payments (NASDAQ:APCX) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.13) EPS for the quarter. AppTech Payments had a negative net margin of 3,538.08% and a negative return on equity of 507.73%. The firm had revenue of $0.11 million during the quarter.

About AppTech Payments

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.