Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Increases By 4,950.0%

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 10,100 shares, an increase of 4,950.0% from the December 31st total of 200 shares. Based on an average daily volume of 76,100 shares, the short-interest ratio is presently 0.1 days.

Argo Blockchain Stock Performance

OTCMKTS:ARBKF traded up GBX 0.01 ($0.00) during mid-day trading on Thursday, hitting GBX 0.05 ($0.00). 58,250 shares of the stock were exchanged, compared to its average volume of 80,208. The stock has a market capitalization of £221,863.95 and a price-to-earnings ratio of 0.02. The firm’s 50-day simple moving average is GBX 0.06 and its 200 day simple moving average is GBX 0.10. 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 fifty-two week low of GBX 0.04 ($0.00) and a fifty-two week high of GBX 0.29 ($0.00).

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.