AppTech Payments Corp. (NASDAQ:APCX) Sees Large Increase in Short Interest

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 227,600 shares, an increase of 116.6% from the February 13th total of 105,100 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,690,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AppTech Payments stock. Moss Adams Wealth Advisors LLC raised its holdings in shares of AppTech Payments Corp. (NASDAQ:APCX) by 112.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,000 shares of the company’s stock after purchasing an additional 45,000 shares during the period. Moss Adams Wealth Advisors LLC owned 0.31% of AppTech Payments worth $44,000 at the end of the most recent reporting period. Institutional investors own 5.15% of the company’s stock.

AppTech Payments Trading Down 1.3 %

AppTech Payments stock opened at $0.37 on Friday. The stock has a market cap of $10.23 million, a P/E ratio of -0.77 and a beta of -0.10. The firm’s 50 day moving average price is $0.43 and its 200-day moving average price is $0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06. AppTech Payments has a 1 year low of $0.31 and a 1 year high of $1.70.

About AppTech Payments

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.