Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Expands By 122.3%

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 459,500 shares, a growth of 122.3% from the November 30th total of 206,700 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AppTech Payments stock. Concurrent Investment Advisors LLC purchased a new position in shares of AppTech Payments Corp. (NASDAQ:APCX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,002 shares of the company’s stock, valued at approximately $49,000. Concurrent Investment Advisors LLC owned about 0.21% of AppTech Payments as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 5.15% of the company’s stock.

AppTech Payments Trading Down 11.4 %

NASDAQ APCX traded down $0.10 during trading hours on Friday, hitting $0.75. 1,323,931 shares of the company’s stock were exchanged, compared to its average volume of 1,024,640. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $20.85 million, a P/E ratio of -1.57 and a beta of 0.15. The business’s 50 day moving average is $0.58 and its 200-day moving average is $0.76. AppTech Payments has a 12-month low of $0.31 and a 12-month high of $2.30.

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.