Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Increases By 4,850.0%

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 9,900 shares, an increase of 4,850.0% from the April 30th total of 200 shares. Based on an average daily volume of 67,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Argo Blockchain Trading Down 14.6%

Shares of ARBKF opened at GBX 0.04 ($0.00) on Thursday. The business’s 50-day moving average price is GBX 0.03 and its 200-day moving average price is GBX 0.05. Argo Blockchain has a twelve month low of GBX 0.02 ($0.00) and a twelve month high of GBX 0.18 ($0.00). The stock has a market cap of £163,478.70 and a PE ratio of 0.02. The company has a quick ratio of 0.40, a current ratio of 1.84 and a debt-to-equity ratio of 29.16.

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.