Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Grows By 254.7%

Posted by Doug Madison on Sep 12th, 2024

AppTech Payments Corp. (NASDAQ:APCX – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 467,500 shares, a growth of 254.7% from the August 15th total of 131,800 shares. Based on an average daily trading volume, of 134,300 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moss Adams Wealth Advisors LLC acquired a new position in shares of AppTech Payments during the second quarter worth approximately $38,000. Concurrent Investment Advisors LLC acquired a new position in AppTech Payments during the 2nd quarter worth $49,000. Finally, Armistice Capital LLC acquired a new position in AppTech Payments during the 4th quarter worth $199,000. Institutional investors and hedge funds own 5.15% of the company’s stock.

AppTech Payments Stock Up 2.3 %

APCX stock traded up $0.02 during trading on Thursday, reaching $0.85. The stock had a trading volume of 63,424 shares, compared to its average volume of 123,467. AppTech Payments has a 1-year low of $0.68 and a 1-year high of $3.58. The company has a market capitalization of $21.02 million, a P/E ratio of -0.90 and a beta of 0.69. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $0.94 and a 200 day moving average price of $1.03.

AppTech Payments (NASDAQ:APCX – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. AppTech Payments had a negative net margin of 2,648.70% and a negative return on equity of 451.88%. The company had revenue of $0.08 million during the quarter.

About AppTech Payments

(Get Free Report)

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.