Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBK) Short Interest Update

Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBK) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,739 shares, a growth of 292.0% from the August 31st total of 1,464 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,601 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Argo Blockchain in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Argo Blockchain has an average rating of “Reduce”.

Argo Blockchain Stock Down 1.2%

ARBK stock opened at $2.45 on Friday. The stock’s 50 day simple moving average is $2.90 and its 200 day simple moving average is $3.20. The company has a market cap of $32.73 million, a P/E ratio of -0.02 and a beta of 1.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.51 and a current ratio of 0.51. Argo Blockchain has a fifty-two week low of $2.15 and a fifty-two week high of $205.20.

Argo Blockchain Company Profile

Argo Blockchain plc is a cryptocurrency mining company focused primarily on producing bitcoin and other digital assets. The company operates specialized data centers that use computing equipment to validate transactions on blockchain networks and earn digital assets as rewards.

Founded in 2017, Argo is headquartered in London and has developed mining operations in North America. Its activities have included facilities in Quebec, Canada, and Texas, where the company has used a combination of owned infrastructure and hosting arrangements to support its mining operations.