Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Expands By 254.7%

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 467,500 shares, an increase of 254.7% from the August 15th total of 131,800 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 134,300 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Trading of AppTech Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APCX. Armistice Capital LLC bought a new stake in shares of AppTech Payments during the fourth quarter valued at approximately $199,000. Concurrent Investment Advisors LLC bought a new stake in AppTech Payments during the 2nd quarter valued at $49,000. Finally, Moss Adams Wealth Advisors LLC acquired a new position in AppTech Payments during the second quarter worth $38,000. 5.15% of the stock is owned by institutional investors.

AppTech Payments Trading Down 1.4 %

Shares of AppTech Payments stock traded down $0.01 on Friday, reaching $0.82. 92,712 shares of the company’s stock were exchanged, compared to its average volume of 124,006. The firm’s 50-day moving average is $0.93 and its two-hundred day moving average is $1.02. The company has a market capitalization of $20.32 million, a P/E ratio of -0.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.07 and a current ratio of 0.07. AppTech Payments has a 52 week low of $0.68 and a 52 week high of $3.58.

AppTech Payments (NASDAQ:APCX) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. AppTech Payments had a negative return on equity of 451.88% and a negative net margin of 2,648.70%. The company had revenue of $0.08 million during the quarter.

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.