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

Argo Blockchain plc (OTCMKTS:ARBKF) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 28,700 shares, an increase of 63.1% from the August 31st total of 17,600 shares. Based on an average daily volume of 38,100 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 38,100 shares, the days-to-cover ratio is presently 0.8 days.

Argo Blockchain Price Performance

Shares of OTCMKTS:ARBKF opened at GBX 0.04 on Monday. The company has a market cap of £186,832.80 and a P/E ratio of 0.02. The business has a fifty day simple moving average of GBX 0.03 and a 200-day simple moving average of GBX 0.03. Argo Blockchain has a 52 week low of GBX 0.01 and a 52 week high of GBX 0.15. 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.