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

AppTech Payments Corp. (NASDAQ:APCX) saw a large growth in short interest during 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. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 3,690,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC raised its stake in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 85,000 shares of the company’s stock after purchasing an additional 45,000 shares during the period. Moss Adams Wealth Advisors LLC owned 0.31% of AppTech Payments worth $44,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.15% of the company’s stock.

AppTech Payments Price Performance

APCX opened at $0.37 on Friday. The company has a 50-day moving average of $0.43 and a 200-day moving average of $0.56. The company has a market capitalization of $10.23 million, a P/E 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. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06.

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.