Short Interest in AppTech Payments Corp. (NASDAQ:APCX) Decreases By 21.9%

AppTech Payments Corp. (NASDAQ:APCX) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 115,700 shares, a decrease of 21.9% from the January 15th total of 148,200 shares. Based on an average daily volume of 3,680,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the company’s stock are short sold.

AppTech Payments Price Performance

Shares of APCX traded up $0.03 during trading on Friday, reaching $0.43. The company’s stock had a trading volume of 422,741 shares, compared to its average volume of 206,088. The company has a fifty day moving average of $0.49 and a two-hundred day moving average of $0.63. AppTech Payments has a twelve month low of $0.31 and a twelve month high of $1.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Investors Weigh In On AppTech Payments

A hedge fund recently raised its stake in AppTech Payments stock. Moss Adams Wealth Advisors LLC grew its position in AppTech Payments Corp. (NASDAQ:APCX) by 112.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,000 shares of the company’s stock after acquiring an additional 45,000 shares during the quarter. Moss Adams Wealth Advisors LLC owned approximately 0.31% of AppTech Payments worth $44,000 as of its most recent filing with the Securities and Exchange Commission. 5.15% of the stock is currently owned by institutional investors and hedge funds.

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.