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

AppTech Payments Corp. (NASDAQ:APCX) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 55,500 shares, a decline of 75.5% from the March 31st total of 226,100 shares. Based on an average daily volume of 154,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

AppTech Payments Stock Performance

NASDAQ:APCX opened at $0.89 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.37 and a current ratio of 0.37. AppTech Payments has a 52-week low of $0.80 and a 52-week high of $4.81. The firm has a market cap of $21.97 million, a price-to-earnings ratio of -0.88 and a beta of 0.94. The business’s fifty day moving average is $1.35 and its 200 day moving average is $1.73.

AppTech Payments (NASDAQ:APCX) last released its quarterly earnings data on Monday, April 1st. The company reported ($0.15) earnings per share (EPS) for the quarter. AppTech Payments had a negative net margin of 3,673.02% and a negative return on equity of 332.30%. The company had revenue of $0.14 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AppTech Payments stock. Greenwich Wealth Management LLC purchased a new stake in AppTech Payments Corp. (NASDAQ:APCX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 216,030 shares of the company’s stock, valued at approximately $712,000. Institutional investors and hedge funds own 5.15% of the company’s stock.

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 financial processing payments for credit and debit cards via point-of-sale equipment, e-commerce gateways, periodic automatic clearing house payments, and gift and loyalty programs.