Argo Blockchain plc (OTCMKTS:ARBKF) Sees Large Decline in Short Interest

Argo Blockchain plc (OTCMKTS:ARBKF) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 200 shares, a drop of 99.5% from the December 15th total of 42,100 shares. Based on an average trading volume of 214,200 shares, the days-to-cover ratio is presently 0.0 days.

Argo Blockchain Stock Up 2.9 %

Shares of Argo Blockchain stock opened at GBX 0.06 ($0.00) on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.84 and a debt-to-equity ratio of 29.16. Argo Blockchain has a 52-week low of GBX 0.05 ($0.00) and a 52-week high of GBX 0.29 ($0.00). The company has a market capitalization of £269,039.23 and a P/E ratio of 0.03. The company has a 50 day moving average of GBX 0.08 and a 200 day moving average of GBX 0.11.

About Argo Blockchain

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.