Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Increases By 4,950.0%

Argo Blockchain plc (OTCMKTS:ARBKF) was the target of a significant 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 presently 0.1 days.

Argo Blockchain Trading Up 11.6 %

OTCMKTS ARBKF opened at GBX 0.05 ($0.00) on Friday. 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 12 month low of GBX 0.04 ($0.00) and a 12 month high of GBX 0.29 ($0.00). The company has a market capitalization of £247,553.46 and a price-to-earnings ratio of 0.02. The company’s fifty day moving average price is GBX 0.06 and its two-hundred day moving average price 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.