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

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

Argo Blockchain Price Performance

Shares of OTCMKTS ARBKF traded down GBX 0 ($0.00) during trading on Tuesday, reaching GBX 0.04 ($0.00). The company had a trading volume of 69,594 shares, compared to its average volume of 83,509. Argo Blockchain has a 52 week low of GBX 0.04 ($0.00) and a 52 week high of GBX 0.29 ($0.00). The stock has a market cap of £200,378.18 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. The business’s 50 day moving average price is GBX 0.07 and its 200-day moving average price is GBX 0.10.

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.