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

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC raised its holdings in shares of AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission. 5.15% of the stock is currently owned by hedge funds and other institutional investors.

AppTech Payments Price Performance

Shares of AppTech Payments stock opened at $0.42 on Friday. The firm has a market cap of $11.54 million, a PE ratio of -0.87 and a beta of -0.10. The stock has a 50 day moving average of $0.41 and a 200 day moving average of $0.53. 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 has a 12 month low of $0.31 and a 12 month high of $1.49.

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.