AppTech Payments Corp. (NASDAQ:APCX) Short Interest Down 36.8% in March

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 143,800 shares, a drop of 36.8% from the February 28th total of 227,600 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 3,640,000 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC boosted its holdings in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 0.31% of AppTech Payments worth $44,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.15% of the company’s stock.

AppTech Payments Price Performance

Shares of NASDAQ APCX opened at $0.41 on Monday. AppTech Payments has a 1-year low of $0.31 and a 1-year high of $1.49. 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 firm has a market cap of $11.33 million, a P/E ratio of -0.85 and a beta of -0.10. The business’s 50 day moving average is $0.41 and its 200-day moving average is $0.53.

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.