AppTech Payments Corp. (NASDAQ:APCX) Short Interest Down 23.1% in September

AppTech Payments Corp. (NASDAQ:APCX) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 359,600 shares, a decrease of 23.1% from the August 31st total of 467,500 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 175,700 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of APCX. Moss Adams Wealth Advisors LLC bought a new stake in AppTech Payments during the 2nd quarter valued at $38,000. Concurrent Investment Advisors LLC purchased a new position in shares of AppTech Payments during the second quarter valued at $49,000. Finally, Armistice Capital LLC bought a new stake in shares of AppTech Payments in the fourth quarter valued at about $199,000. Institutional investors own 5.15% of the company’s stock.

AppTech Payments Trading Up 2.1 %

APCX stock traded up $0.01 during midday trading on Friday, reaching $0.62. The company’s stock had a trading volume of 71,731 shares, compared to its average volume of 137,285. The firm has a market capitalization of $15.40 million, a price-to-earnings ratio of -0.66 and a beta of 0.69. AppTech Payments has a 1 year low of $0.54 and a 1 year high of $3.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a fifty day simple moving average of $0.87 and a two-hundred day simple moving average of $0.96.

AppTech Payments (NASDAQ:APCX) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $0.08 million for the quarter. AppTech Payments had a negative net margin of 2,648.70% and a negative return on equity of 451.88%.

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.