Argo Blockchain plc (NASDAQ:ARBK) Short Interest Update

Argo Blockchain plc (NASDAQ:ARBK) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 841,800 shares, a decrease of 5.3% from the September 15th total of 888,600 shares. Based on an average trading volume of 471,000 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “neutral” rating on shares of Argo Blockchain in a research note on Thursday, August 29th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARBK. Catalina Capital Group LLC bought a new position in Argo Blockchain in the 1st quarter worth about $28,000. XTX Topco Ltd purchased a new stake in shares of Argo Blockchain in the 2nd quarter valued at about $28,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Argo Blockchain in the 2nd quarter valued at about $49,000. Finally, Vident Advisory LLC raised its holdings in shares of Argo Blockchain by 108.5% in the 1st quarter. Vident Advisory LLC now owns 1,684,232 shares of the company’s stock valued at $3,655,000 after acquiring an additional 876,406 shares in the last quarter. Institutional investors own 2.42% of the company’s stock.

Argo Blockchain Stock Down 3.4 %

Shares of NASDAQ ARBK opened at $1.15 on Friday. Argo Blockchain has a 52 week low of $0.94 and a 52 week high of $4.45. The business has a 50-day simple moving average of $1.20 and a two-hundred day simple moving average of $1.32. The company has a quick ratio of 0.65, a current ratio of 0.43 and a debt-to-equity ratio of 5.06. The company has a market cap of $66.43 million, a P/E ratio of -2.45 and a beta of 1.87.

Argo Blockchain (NASDAQ:ARBK) last issued its earnings results on Wednesday, August 28th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.12). Argo Blockchain had a negative return on equity of 4,172.69% and a negative net margin of 93.70%. The company had revenue of $12.42 million during the quarter, compared to the consensus estimate of $13.40 million. Research analysts anticipate that Argo Blockchain will post -0.63 earnings per share 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.