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

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

Argo Blockchain Price Performance

Shares of ARBK opened at $2.45 on Friday. Argo Blockchain has a 1 year low of $2.15 and a 1 year high of $205.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $32.73 million, a price-to-earnings ratio of -0.02 and a beta of 1.90. The business has a 50-day moving average of $2.90 and a 200-day moving average of $3.20.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Argo Blockchain in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Argo Blockchain currently has a consensus rating of “Reduce”.

About Argo Blockchain

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.