Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Declines By 75.5%

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

AppTech Payments Price Performance

Shares of APCX traded up $0.01 during mid-day trading on Thursday, reaching $0.89. The stock had a trading volume of 79,611 shares, compared to its average volume of 139,423. AppTech Payments has a 12 month low of $0.80 and a 12 month high of $4.81. The business has a fifty day moving average of $1.37 and a 200 day moving average of $1.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $21.97 million, a price-to-earnings ratio of -0.89 and a beta of 0.94.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AppTech Payments stock. Greenwich Wealth Management LLC purchased a new position in AppTech Payments Corp. (NASDAQ:APCX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 216,030 shares of the company’s stock, valued at approximately $712,000. 5.15% of the stock is owned by hedge funds and other institutional investors.

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.