Argo Blockchain plc (OTCMKTS:ARBKF) Sees Significant Increase in Short Interest

Argo Blockchain plc (OTCMKTS:ARBKF) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 212,200 shares, a growth of 2,001.0% from the January 15th total of 10,100 shares. Based on an average trading volume of 194,900 shares, the days-to-cover ratio is presently 1.1 days.

Argo Blockchain Stock Performance

Argo Blockchain stock opened at GBX 0.05 ($0.00) on Friday. Argo Blockchain has a 1-year low of GBX 0.04 ($0.00) and a 1-year high of GBX 0.29 ($0.00). The firm has a market cap of £219,528.54 and a P/E ratio of 0.02. The company has a current ratio of 1.84, a quick ratio of 0.40 and a debt-to-equity ratio of 29.16. The firm has a 50-day moving average of GBX 0.06 and a 200-day moving average of GBX 0.10.

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.