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

Argo Blockchain plc (OTCMKTS:ARBKF) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 200 shares, a drop of 99.5% from the December 31st total of 42,100 shares. Based on an average trading volume of 214,200 shares, the days-to-cover ratio is presently 0.0 days.

Argo Blockchain Price Performance

Shares of OTCMKTS:ARBKF opened at GBX 0.04 ($0.00) on Wednesday. The company’s fifty day moving average price is GBX 0.07 and its 200 day moving average price is GBX 0.10. Argo Blockchain has a 12 month low of GBX 0.04 ($0.00) and a 12 month high of GBX 0.29 ($0.00). The company has a debt-to-equity ratio of 29.16, a current ratio of 1.84 and a quick ratio of 0.40. The firm has a market capitalization of £182,161.98 and a P/E ratio of 0.02.

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.