Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Drops By 99.5%

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

Argo Blockchain Price Performance

ARBKF stock traded down GBX 0 ($0.00) during trading on Tuesday, hitting GBX 0.04 ($0.00). 69,594 shares of the stock traded hands, compared to its average volume of 83,509. Argo Blockchain has a one year low of GBX 0.04 ($0.00) and a one year high of GBX 0.29 ($0.00). The stock has a market cap of £200,378.18 and a price-to-earnings ratio of 0.02. The company has a 50 day simple moving average of GBX 0.07 and a 200 day simple moving average of GBX 0.10. The company has a current ratio of 1.84, a quick ratio of 0.40 and a debt-to-equity ratio of 29.16.

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.