AppTech Payments Corp. (NASDAQ:APCX) Short Interest Down 65.3% in January

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 159,300 shares, a decline of 65.3% from the December 31st total of 459,500 shares. Based on an average daily volume of 3,630,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.6% of the shares of the company are short sold.

AppTech Payments Price Performance

Shares of NASDAQ:APCX traded down $0.00 during midday trading on Tuesday, reaching $0.42. 144,519 shares of the company’s stock traded hands, compared to its average volume of 429,965. The company has a market cap of $11.61 million, a P/E ratio of -0.88 and a beta of 0.13. The company has a fifty day simple moving average of $0.52 and a two-hundred day simple moving average of $0.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. AppTech Payments has a 1 year low of $0.31 and a 1 year high of $2.30.

Hedge Funds Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC lifted its stake in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 85,000 shares of the company’s stock after acquiring an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned 0.31% of AppTech Payments worth $44,000 at the end of the most recent reporting period. 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 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.