Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Rises By 368.6%

Argo Blockchain plc (OTCMKTS:ARBKF) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 47,800 shares, an increase of 368.6% from the May 31st total of 10,200 shares. Based on an average trading volume of 133,200 shares, the short-interest ratio is presently 0.4 days.

Argo Blockchain Price Performance

Shares of ARBKF opened at GBX 0.11 ($0.00) on Friday. Argo Blockchain has a twelve month low of GBX 0.08 ($0.00) and a twelve month high of GBX 0.46 ($0.01). The company has a 50 day moving average of GBX 0.13 and a two-hundred day moving average of GBX 0.18. 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 company has a market cap of £491,603.81 and a price-to-earnings ratio of 0.05.

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.