AppTech Payments Corp. (NASDAQ:APCX) Short Interest Update

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 37,700 shares, a growth of 34.2% from the May 31st total of 28,100 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 135,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On AppTech Payments

A hedge fund recently bought a new stake in AppTech Payments stock. Armistice Capital LLC acquired a new stake in AppTech Payments Corp. (NASDAQ:APCX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the company’s stock, valued at approximately $199,000. Armistice Capital LLC owned approximately 0.48% of AppTech Payments at the end of the most recent quarter. 5.15% of the stock is owned by institutional investors and hedge funds.

AppTech Payments Price Performance

APCX opened at $0.94 on Monday. The firm has a market cap of $23.25 million, a price-to-earnings ratio of -1.02 and a beta of 0.81. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $0.89 and its 200 day moving average price is $1.32. AppTech Payments has a 12-month low of $0.80 and a 12-month high of $4.81.

AppTech Payments (NASDAQ:APCX) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $0.11 million for the quarter. AppTech Payments had a negative return on equity of 507.73% and a negative net margin of 3,538.08%.

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.