AppTech Payments Corp. (NASDAQ:APCX – Get Free Report) 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 – Free Report) 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 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.
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