Argo Blockchain plc (NASDAQ:ARBK – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 621,500 shares, a decline of 17.6% from the June 30th total of 754,100 shares. Based on an average trading volume of 393,700 shares, the days-to-cover ratio is currently 1.6 days.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a “neutral” rating on shares of Argo Blockchain in a research note on Friday, May 24th.
Check Out Our Latest Report on Argo Blockchain
Hedge Funds Weigh In On Argo Blockchain
Argo Blockchain Stock Down 11.0 %
ARBK traded down $0.18 on Tuesday, hitting $1.46. The company had a trading volume of 545,309 shares, compared to its average volume of 642,841. The stock has a fifty day moving average price of $1.34 and a 200-day moving average price of $1.66. Argo Blockchain has a 12-month low of $0.94 and a 12-month high of $4.45. The company has a debt-to-equity ratio of 5.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $84.33 million, a price-to-earnings ratio of -3.13 and a beta of 1.90.
Argo Blockchain (NASDAQ:ARBK – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.02) earnings per share for the quarter. Argo Blockchain had a negative return on equity of 4,172.69% and a negative net margin of 54.06%. The business had revenue of $16.16 million for the quarter. Analysts predict that Argo Blockchain will post -0.46 EPS for the current fiscal year.
Argo Blockchain Company Profile
Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.
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