AppTech Payments Corp. (NASDAQ:APCX – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 37,700 shares, a growth of 34.2% from the May 31st total of 28,100 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 135,500 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On AppTech Payments
A hedge fund recently bought a new stake in AppTech Payments stock. Armistice Capital LLC purchased a new stake in AppTech Payments Corp. (NASDAQ:APCX – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 100,000 shares of the company’s stock, valued at approximately $199,000. Armistice Capital LLC owned 0.48% of AppTech Payments as of its most recent SEC filing. Hedge funds and other institutional investors own 5.15% of the company’s stock.
AppTech Payments Stock Performance
Shares of AppTech Payments stock traded down $0.02 on Friday, hitting $0.94. The stock had a trading volume of 49,519 shares, compared to its average volume of 60,224. AppTech Payments has a 52-week low of $0.80 and a 52-week high of $4.81. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.02. The stock has a market cap of $23.25 million, a price-to-earnings ratio of -1.02 and a beta of 0.81. The company’s 50 day moving average price is $0.89 and its 200 day moving average price is $1.32.
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.
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