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

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 240,300 shares, an increase of 77.1% from the February 28th total of 135,700 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 72,100 shares, the days-to-cover ratio is presently 3.3 days.

Argo Blockchain Stock Down 12.0 %

Shares of OTCMKTS ARBKF opened at GBX 0.04 ($0.00) on Friday. The firm’s fifty day moving average is GBX 0.05 and its 200 day moving average is GBX 0.08. Argo Blockchain has a 52 week low of GBX 0.03 ($0.00) and a 52 week high of GBX 0.19 ($0.00). The company has a market cap of £164,879.95 and a price-to-earnings ratio of 0.02. 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 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.