Short Interest in Argo Blockchain plc (OTCMKTS:ARBKF) Drops By 78.7%

Argo Blockchain plc (OTCMKTS:ARBKF) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 10,200 shares, a decline of 78.7% from the June 15th total of 47,800 shares. Based on an average daily volume of 126,700 shares, the short-interest ratio is presently 0.1 days.

Argo Blockchain Price Performance

Argo Blockchain stock remained flat at GBX 0.11 ($0.00) during mid-day trading on Thursday. The company’s stock had a trading volume of 27,114 shares, compared to its average volume of 88,745. Argo Blockchain has a one year low of GBX 0.08 ($0.00) and a one year high of GBX 0.46 ($0.01). The firm has a market cap of £513,790.20 and a P/E ratio of 0.05. The firm has a 50-day moving average price of GBX 0.13 and a 200 day moving average price of GBX 0.18. The company has a debt-to-equity ratio of 29.16, a current ratio of 1.84 and a quick ratio of 0.40.

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.