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

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

Institutional Investors Weigh In On AppTech Payments

An institutional investor recently bought a new position 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 Form 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 currently owned by institutional investors and hedge funds.

AppTech Payments Trading Up 1.1 %

Shares of NASDAQ:APCX traded up $0.01 during trading on Thursday, reaching $0.89. The stock had a trading volume of 79,611 shares, compared to its average volume of 139,423. The firm’s fifty day moving average is $1.37 and its 200 day moving average is $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. AppTech Payments has a 52 week low of $0.80 and a 52 week high of $4.81. The stock 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 data on Monday, April 1st. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $0.14 million for the quarter. AppTech Payments had a negative return on equity of 332.30% and a negative net margin of 3,673.02%.

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.