Argo Blockchain plc (OTCMKTS:ARBKF) Sees Significant Increase in Short Interest
by Michael Walen · The Markets DailyArgo Blockchain plc (OTCMKTS:ARBKF – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,118,990 shares, a growth of 5,185.0% from the November 30th total of 21,173 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,229,095 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 1,229,095 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are sold short.
Argo Blockchain Stock Performance
Shares of OTCMKTS ARBKF traded up GBX 0 during midday trading on Wednesday, reaching GBX 0.01. 3,131,882 shares of the company traded hands, compared to its average volume of 108,802. The stock has a 50-day moving average price of GBX 0.03 and a 200 day moving average price of GBX 0.03. The company has a market cap of £23,354.10 and a price-to-earnings ratio of 0.00. The company has a debt-to-equity ratio of 29.16, a current ratio of 1.84 and a quick ratio of 0.40. Argo Blockchain has a 52 week low of GBX 0 and a 52 week high of GBX 0.10.
About Argo Blockchain
Argo Blockchain plc (OTCMKTS: ARBKF) is a digital asset mining company headquartered in London. The firm specializes in the mining of Bitcoin and other blockchain-based tokens, leveraging specialist computing hardware to secure blockchain networks and validate transactions. Through its publicly traded status on the OTC Markets in the United States, Argo provides investors with exposure to cryptocurrency mining without direct ownership of digital tokens.
The company’s core activities include the deployment, operation and maintenance of high-performance mining rigs.