Argo Blockchain plc (NASDAQ:ARBK) Short Interest Update

Argo Blockchain plc (NASDAQ:ARBK) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,120,000 shares, a growth of 22.0% from the October 31st total of 918,400 shares. Based on an average trading volume of 725,400 shares, the days-to-cover ratio is presently 1.5 days.

Argo Blockchain Stock Up 1.8 %

NASDAQ:ARBK traded up $0.02 on Friday, hitting $1.12. The stock had a trading volume of 936,977 shares, compared to its average volume of 646,688. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 5.06. Argo Blockchain has a 52 week low of $1.02 and a 52 week high of $4.45. The business’s fifty day moving average is $1.17 and its 200 day moving average is $1.26. The company has a market cap of $71.27 million, a PE ratio of -1.56 and a beta of 1.88.

Argo Blockchain (NASDAQ:ARBK) last issued its earnings results on Wednesday, August 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.12). Argo Blockchain had a negative return on equity of 4,172.69% and a negative net margin of 92.08%. The firm had revenue of $12.42 million during the quarter, compared to the consensus estimate of $13.40 million. On average, equities research analysts expect that Argo Blockchain will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Argo Blockchain in a research note on Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARBK. Jane Street Group LLC increased its holdings in Argo Blockchain by 488.7% during the 3rd quarter. Jane Street Group LLC now owns 976,414 shares of the company’s stock worth $1,181,000 after purchasing an additional 810,559 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Argo Blockchain by 144.5% during the third quarter. XTX Topco Ltd now owns 59,426 shares of the company’s stock valued at $72,000 after buying an additional 35,118 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Argo Blockchain during the second quarter worth $49,000. Finally, Virtu Financial LLC purchased a new stake in Argo Blockchain in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 2.42% of the company’s stock.

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.