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

Argo Blockchain plc (OTCMKTS:ARBKF) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 123,800 shares, a drop of 41.7% from the January 31st total of 212,200 shares. Based on an average daily volume of 56,000 shares, the days-to-cover ratio is presently 2.2 days.

Argo Blockchain Trading Up 0.9 %

OTCMKTS ARBKF opened at GBX 0.04 ($0.00) on Monday. The stock has a market capitalization of £207,851.49 and a price-to-earnings ratio of 0.02. The business’s fifty day moving average is GBX 0.05 and its 200-day moving average is GBX 0.09. The company has a debt-to-equity ratio of 29.16, a current ratio of 1.84 and a quick ratio of 0.40. Argo Blockchain has a one year low of GBX 0.04 ($0.00) and a one year high of GBX 0.25 ($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.