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

AppTech Payments Corp. (NASDAQ:APCX) was the target 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 shares of the stock are sold short. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is presently 0.1 days.

AppTech Payments Trading Down 14.8 %

APCX opened at $0.73 on Friday. The firm has a market cap of $20.05 million, a P/E ratio of -1.51 and a beta of 0.15. The stock has a 50-day moving average of $0.58 and a 200 day moving average of $0.76. AppTech Payments has a 12 month low of $0.31 and a 12 month high of $2.30. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

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

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.