AppTech Payments Corp. (NASDAQ:APCX) Sees Large Increase in Short Interest

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 227,600 shares, a growth of 116.6% from the February 13th total of 105,100 shares. Based on an average trading volume of 3,690,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC increased its position in shares of AppTech Payments Corp. (NASDAQ:APCX) by 112.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,000 shares of the company’s stock after buying an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned about 0.31% of AppTech Payments worth $44,000 at the end of the most recent reporting period. Institutional investors own 5.15% of the company’s stock.

AppTech Payments Trading Down 1.3 %

Shares of NASDAQ:APCX opened at $0.37 on Friday. 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 business’s 50 day moving average price is $0.43 and its 200-day moving average price is $0.56. The firm has a market capitalization of $10.23 million, a price-to-earnings ratio of -0.77 and a beta of -0.10. AppTech Payments has a 1 year low of $0.31 and a 1 year high of $1.70.

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.