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

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 42,100 shares, a growth of 33.7% from the November 30th total of 31,500 shares. Based on an average daily trading volume, of 393,600 shares, the short-interest ratio is presently 0.1 days.

Argo Blockchain Trading Down 22.4 %

OTCMKTS ARBKF traded down GBX 0.02 ($0.00) during mid-day trading on Friday, reaching GBX 0.05 ($0.00). 68,669 shares of the stock were exchanged, compared to its average volume of 80,347. The stock has a market capitalization of £214,857.72 and a PE ratio of 0.02. 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 1-year low of GBX 0.05 ($0.00) and a 1-year high of GBX 0.46 ($0.01). The business’s fifty day simple moving average is GBX 0.09 and its 200 day simple moving average is GBX 0.11.

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.