Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Expands By 33.7%

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 42,100 shares, an increase of 33.7% from the November 30th total of 31,500 shares. Based on an average trading volume of 393,600 shares, the short-interest ratio is presently 0.1 days.

Argo Blockchain Stock Down 22.4 %

Shares of OTCMKTS ARBKF traded down GBX 0.02 ($0.00) during mid-day trading on Friday, hitting GBX 0.05 ($0.00). The company had a trading volume of 68,669 shares, compared to its average volume of 80,347. The company has a market capitalization of £214,857.72 and a PE ratio of 0.02. The business’s 50-day simple moving average is GBX 0.09 and its 200 day simple moving average is GBX 0.11. Argo Blockchain has a 1-year low of GBX 0.05 ($0.00) and a 1-year high of GBX 0.46 ($0.01). The company has a debt-to-equity ratio of 29.16, a current ratio of 1.84 and a quick ratio of 0.40.

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.