Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Rises By 368.6%

Argo Blockchain plc (OTCMKTS:ARBKF) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 47,800 shares, a growth of 368.6% from the May 31st total of 10,200 shares. Based on an average daily trading volume, of 133,200 shares, the short-interest ratio is presently 0.4 days.

Argo Blockchain Stock Performance

Shares of ARBKF stock opened at GBX 0.11 ($0.00) on Friday. The company has a market capitalization of £491,603.81 and a PE ratio of 0.05. The company has a debt-to-equity ratio of 29.16, a quick ratio of 0.40 and a current ratio of 1.84. Argo Blockchain has a 52-week low of GBX 0.08 ($0.00) and a 52-week high of GBX 0.46 ($0.01). The business’s fifty day moving average is GBX 0.13 and its 200 day moving average is GBX 0.18.

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.