Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Grows By 20.6%

Argo Blockchain plc (OTCMKTS:ARBKF) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 12,300 shares, a growth of 20.6% from the August 15th total of 10,200 shares. Based on an average daily volume of 48,500 shares, the short-interest ratio is presently 0.3 days.

Argo Blockchain Price Performance

ARBKF traded up GBX 0.01 ($0.00) during midday trading on Tuesday, reaching GBX 0.12 ($0.00). 11,100 shares of the company’s stock were exchanged, compared to its average volume of 75,511. 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 one year low of GBX 0.08 ($0.00) and a one year high of GBX 0.46 ($0.01). The business has a 50-day simple moving average of GBX 0.13 and a two-hundred day simple moving average of GBX 0.14. The firm has a market capitalization of £560,498.40 and a price-to-earnings ratio of 0.05.

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.