Argo Blockchain plc (OTCMKTS:ARBKF) Short Interest Up 4,950.0% in January

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 10,100 shares, a growth of 4,950.0% from the December 31st total of 200 shares. Based on an average daily volume of 76,100 shares, the days-to-cover ratio is currently 0.1 days.

Argo Blockchain Stock Performance

Shares of OTCMKTS ARBKF traded down GBX 0 ($0.00) during mid-day trading on Friday, hitting GBX 0.05 ($0.00). The company had a trading volume of 9,739 shares, compared to its average volume of 73,572. Argo Blockchain has a 12 month low of GBX 0.04 ($0.00) and a 12 month high of GBX 0.29 ($0.00). The stock has a market cap of £242,882.64 and a price-to-earnings ratio of 0.02. The company has a debt-to-equity ratio of 29.16, a current ratio of 1.84 and a quick ratio of 0.40. The firm’s 50 day simple moving average is GBX 0.06 and its two-hundred day simple moving average is GBX 0.10.

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.