Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Drops By 78.7%

Argo Blockchain plc (OTCMKTS:ARBKF) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 10,200 shares, a decline of 78.7% from the June 15th total of 47,800 shares. Based on an average daily volume of 126,700 shares, the days-to-cover ratio is currently 0.1 days.

Argo Blockchain Stock Performance

ARBKF stock remained flat at GBX 0.11 ($0.00) during midday trading on Friday. The company had a trading volume of 27,100 shares, compared to its average volume of 88,806. 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 52-week low of GBX 0.08 ($0.00) and a 52-week high of GBX 0.46 ($0.01). The stock’s fifty day moving average is GBX 0.13 and its 200-day moving average is GBX 0.18. The stock has a market capitalization of £513,790.20 and a PE ratio of 0.05.

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.