AppTech Payments Corp. (NASDAQ:APCX) Short Interest Down 18.4% in November

AppTech Payments Corp. (NASDAQ:APCX) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 260,500 shares, a drop of 18.4% from the October 31st total of 319,400 shares. Based on an average daily volume of 199,800 shares, the short-interest ratio is currently 1.3 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Trading of AppTech Payments

An institutional investor recently bought a new position in AppTech Payments stock. Concurrent Investment Advisors LLC bought a new stake in shares of AppTech Payments Corp. (NASDAQ:APCX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,002 shares of the company’s stock, valued at approximately $49,000. Concurrent Investment Advisors LLC owned 0.21% of AppTech Payments as of its most recent filing with the Securities and Exchange Commission (SEC). 5.15% of the stock is currently owned by institutional investors.

AppTech Payments Stock Down 2.7 %

AppTech Payments stock opened at $0.47 on Monday. AppTech Payments has a 1-year low of $0.44 and a 1-year high of $2.30. The firm has a 50 day simple moving average of $0.62 and a 200 day simple moving average of $0.81. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.91 million, a price-to-earnings ratio of -1.00 and a beta of 0.68.

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.