AppTech Payments Corp. (NASDAQ:APCX) Sees Large Drop in Short Interest

Posted by Renee Jackson on Apr 27th, 2024

AppTech Payments Corp. (NASDAQ:APCX – Get Free Report) was the target of a significant 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 sold short. Based on an average daily volume of 154,500 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds 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 – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 216,030 shares of the company’s stock, valued at approximately $712,000. 5.15% of the stock is owned by institutional investors.

AppTech Payments Stock Performance

APCX stock traded down $0.03 during midday trading on Friday, reaching $0.86. The company had a trading volume of 81,651 shares, compared to its average volume of 134,209. The firm has a 50-day moving average price of $1.33 and a 200-day moving average price of $1.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.37 and a quick ratio of 0.37. AppTech Payments has a 1 year low of $0.80 and a 1 year high of $4.81.

AppTech Payments (NASDAQ:APCX – Get Free Report) last announced its quarterly earnings data on Monday, April 1st. The company reported ($0.15) earnings per share for the quarter. AppTech Payments had a negative return on equity of 332.30% and a negative net margin of 3,673.02%. The business had revenue of $0.14 million during the quarter.

AppTech Payments Company Profile

(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 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.