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

AppTech Payments Corp. (NASDAQ:APCX) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 87,000 shares, an increase of 130.8% from the June 15th total of 37,700 shares. Based on an average daily trading volume, of 75,700 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On AppTech Payments

An institutional investor recently bought a new position in AppTech Payments stock. Armistice Capital LLC bought a new position in AppTech Payments Corp. (NASDAQ:APCX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $199,000. Armistice Capital LLC owned approximately 0.48% of AppTech Payments as of its most recent filing with the SEC. 5.15% of the stock is owned by institutional investors.

AppTech Payments Trading Up 8.1 %

NASDAQ:APCX opened at $1.08 on Friday. The firm has a market capitalization of $26.71 million, a P/E ratio of -1.17 and a beta of 0.86. AppTech Payments has a 52 week low of $0.80 and a 52 week high of $4.81. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $0.92 and a 200 day moving average of $1.29.

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