AppTech Payments Corp. (NASDAQ:APCX – Get Free Report) 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 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.
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