AppTech Payments Corp. (NASDAQ:APCX) Short Interest Down 65.3% in January

AppTech Payments Corp. (NASDAQ:APCX) was the target of a significant drop in short interest in 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 short sold. Based on an average trading volume of 3,630,000 shares, the days-to-cover ratio is presently 0.0 days.

AppTech Payments Trading Up 4.4 %

Shares of APCX opened at $0.44 on Wednesday. AppTech Payments has a 52-week low of $0.31 and a 52-week high of $2.30. The stock has a market cap of $12.14 million, a PE ratio of -0.91 and a beta of 0.13. The firm’s fifty day moving average is $0.51 and its two-hundred day moving average is $0.69. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC increased its holdings in shares of AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the fourth quarter, according to its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period. 5.15% of the stock is owned by hedge funds and other institutional investors.

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.