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

Argo Blockchain plc (OTCMKTS:ARBKF) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 60,400 shares, a growth of 30,100.0% from the October 31st total of 200 shares. Based on an average daily volume of 321,600 shares, the days-to-cover ratio is presently 0.2 days.

Argo Blockchain Stock Performance

Shares of ARBKF opened at GBX 0.10 ($0.00) on Friday. The firm has a market cap of £467,082.00 and a price-to-earnings ratio of 0.05. The company has a quick ratio of 0.40, a current ratio of 1.84 and a debt-to-equity ratio of 29.16. The business’s 50 day moving average is GBX 0.11 and its two-hundred day moving average is GBX 0.12. Argo Blockchain has a 52-week low of GBX 0.09 ($0.00) and a 52-week high of GBX 0.46 ($0.01).

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.