Argo Blockchain plc (NASDAQ:ARBK – Get Free Report) saw a large growth in short interest during the month of February. As of February 29th, there was short interest totalling 286,000 shares, a growth of 42.9% from the February 14th total of 200,200 shares. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On Argo Blockchain
A number of institutional investors have recently added to or reduced their stakes in ARBK. XTX Topco Ltd bought a new stake in Argo Blockchain during the 1st quarter worth approximately $51,000. Wolverine Trading LLC acquired a new position in shares of Argo Blockchain in the 4th quarter worth approximately $52,000. Harvest Portfolios Group Inc. lifted its position in shares of Argo Blockchain by 49.5% in the 1st quarter. Harvest Portfolios Group Inc. now owns 40,649 shares of the company’s stock worth $68,000 after purchasing an additional 13,467 shares during the period. Jane Street Group LLC acquired a new position in shares of Argo Blockchain in the 3rd quarter worth approximately $72,000. Finally, Chesapeake Capital Corp IL acquired a new position in shares of Argo Blockchain in the 4th quarter worth approximately $132,000. 1.13% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a “hold” rating and set a $1.45 price target on shares of Argo Blockchain in a report on Thursday, November 16th.
View Our Latest Stock Report on Argo Blockchain
Argo Blockchain Price Performance
ARBK opened at $1.76 on Thursday. Argo Blockchain has a fifty-two week low of $0.92 and a fifty-two week high of $4.45. The company’s 50 day moving average price is $2.25 and its two-hundred day moving average price is $1.74.
Argo Blockchain Company Profile
(Get Free Report)
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.
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