Argo Blockchain plc (NASDAQ:ARBK) Short Interest Up 22.0% in November

Argo Blockchain plc (NASDAQ:ARBK) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,120,000 shares, a growth of 22.0% from the October 31st total of 918,400 shares. Based on an average trading volume of 725,400 shares, the short-interest ratio is currently 1.5 days.

Argo Blockchain Stock Down 19.6 %

NASDAQ ARBK traded down $0.22 on Monday, hitting $0.90. 2,776,057 shares of the company were exchanged, compared to its average volume of 653,659. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 5.06. The company has a market cap of $57.27 million, a PE ratio of -1.25 and a beta of 1.88. The stock has a fifty day moving average of $1.17 and a 200-day moving average of $1.25. Argo Blockchain has a 12 month low of $0.90 and a 12 month high of $4.45.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “neutral” rating on shares of Argo Blockchain in a research note on Thursday, November 21st.

Hedge Funds Weigh In On Argo Blockchain

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Argo Blockchain during the 3rd quarter worth approximately $28,000. XTX Topco Ltd acquired a new position in shares of Argo Blockchain during the second quarter worth approximately $28,000. Cubist Systematic Strategies LLC acquired a new stake in Argo Blockchain in the 2nd quarter valued at $49,000. Finally, Jane Street Group LLC increased its stake in Argo Blockchain by 488.7% during the 3rd quarter. Jane Street Group LLC now owns 976,414 shares of the company’s stock valued at $1,181,000 after purchasing an additional 810,559 shares in the last quarter. Institutional investors own 2.42% of the company’s stock.

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.