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

Posted by Stacy Sanders on Nov 30th, 2024

AppTech Payments Corp. (NASDAQ:APCX – Get Free Report) was the target of a large drop in short interest during the month of 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. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 199,800 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On AppTech Payments

A hedge fund recently bought a new stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC bought a new stake in AppTech Payments Corp. (NASDAQ:APCX – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 40,000 shares of the company’s stock, valued at approximately $38,000. Moss Adams Wealth Advisors LLC owned 0.16% of AppTech Payments as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 5.15% of the company’s stock.

AppTech Payments Stock Performance

APCX traded up $0.02 during trading on Friday, hitting $0.48. The stock had a trading volume of 43,183 shares, compared to its average volume of 139,775. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04. AppTech Payments has a 12 month low of $0.44 and a 12 month high of $2.30. The company has a 50 day simple moving average of $0.62 and a 200-day simple moving average of $0.81. The firm has a market cap of $13.27 million, a PE ratio of -1.00 and a beta of 0.68.

AppTech Payments Company Profile

(Get Free Report)

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.