Argo Blockchain plc (OTCMKTS:ARBKF) Sees Large Decline in Short Interest

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 31,500 shares, a decrease of 47.8% from the November 15th total of 60,400 shares. Based on an average daily volume of 146,400 shares, the short-interest ratio is currently 0.2 days.

Argo Blockchain Trading Down 14.5 %

Shares of Argo Blockchain stock opened at GBX 0.07 ($0.00) on Friday. The company’s 50-day moving average price is GBX 0.10 and its 200-day moving average price is GBX 0.12. The company has a current ratio of 1.84, a quick ratio of 0.40 and a debt-to-equity ratio of 29.16. Argo Blockchain has a 12-month low of GBX 0.05 ($0.00) and a 12-month high of GBX 0.46 ($0.01). The company has a market cap of £303,603.30 and a price-to-earnings ratio of 0.03.

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.