AppTech Payments Corp. (NASDAQ:APCX) Short Interest Down 34.9% in July

AppTech Payments Corp. (NASDAQ:APCX) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 83,500 shares, a decrease of 34.9% from the July 15th total of 128,300 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On AppTech Payments

Hedge funds and other institutional investors have recently modified their holdings of the company. Moss Adams Wealth Advisors LLC purchased a new position in AppTech Payments during the 2nd quarter valued at about $38,000. Concurrent Investment Advisors LLC purchased a new position in shares of AppTech Payments in the 2nd quarter worth about $49,000. Finally, Armistice Capital LLC bought a new stake in AppTech Payments during the 4th quarter valued at about $199,000. 5.15% of the stock is owned by institutional investors.

AppTech Payments Price Performance

Shares of APCX stock traded up $0.05 during trading hours on Wednesday, hitting $1.18. 51,791 shares of the company’s stock were exchanged, compared to its average volume of 106,514. The company has a market capitalization of $29.18 million, a PE ratio of -1.24 and a beta of 0.86. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.02. AppTech Payments has a 12-month low of $0.80 and a 12-month high of $4.81. The business’s 50 day simple moving average is $0.96 and its 200-day simple moving average is $1.18.

AppTech Payments (NASDAQ:APCX) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $0.11 million during 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.