Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Drops By 34.9%

AppTech Payments Corp. (NASDAQ:APCX) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 83,500 shares, a drop of 34.9% from the July 15th total of 128,300 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On AppTech Payments

Institutional investors have recently modified their holdings of the stock. Moss Adams Wealth Advisors LLC bought a new stake in shares of AppTech Payments in the 2nd quarter valued at approximately $38,000. Concurrent Investment Advisors LLC bought a new stake in shares of AppTech Payments in the 2nd quarter valued at approximately $49,000. Finally, Armistice Capital LLC bought a new stake in shares of AppTech Payments in the 4th quarter valued at approximately $199,000. 5.15% of the stock is owned by institutional investors.

AppTech Payments Price Performance

NASDAQ APCX traded down $0.10 during trading on Friday, hitting $0.92. 336,730 shares of the stock traded hands, compared to its average volume of 114,877. The company has a market capitalization of $22.75 million, a P/E ratio of -1.00 and a beta of 0.86. The firm has a 50-day simple moving average of $0.97 and a 200-day simple moving average of $1.17. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. AppTech Payments has a 12-month low of $0.80 and a 12-month high of $4.81.

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

AppTech Payments Company Profile

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.