AppTech Payments Corp. (NASDAQ:APCX) Short Interest Down 18.4% in November

AppTech Payments Corp. (NASDAQ:APCX) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 260,500 shares, a drop of 18.4% from the October 31st total of 319,400 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 199,800 shares, the days-to-cover ratio is presently 1.3 days.

AppTech Payments Price Performance

Shares of APCX opened at $0.47 on Monday. AppTech Payments has a twelve month low of $0.44 and a twelve month high of $2.30. The company has a market capitalization of $12.91 million, a P/E ratio of -1.00 and a beta of 0.68. The firm has a 50 day moving average of $0.62 and a 200 day moving average of $0.81. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04.

Institutional Trading of AppTech Payments

A hedge fund recently bought a new stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC bought a new position in AppTech Payments Corp. (NASDAQ:APCX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $38,000. Moss Adams Wealth Advisors LLC owned approximately 0.16% of AppTech Payments at the end of the most recent quarter. 5.15% of the stock is currently owned by institutional investors and hedge funds.

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.