Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Drops By 65.3%

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

AppTech Payments Stock Performance

Shares of APCX stock opened at $0.44 on Wednesday. AppTech Payments has a 12 month low of $0.31 and a 12 month 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. The company has a market cap of $12.14 million, a P/E ratio of -0.91 and a beta of 0.13. The firm has a fifty day moving average price of $0.51 and a 200 day moving average price of $0.69.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC increased its holdings in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,000 shares of the company’s stock after acquiring an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned approximately 0.31% of AppTech Payments worth $44,000 at the end of the most recent quarter. 5.15% of the stock is currently owned by institutional investors and hedge funds.

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.