Argo Blockchain plc (NASDAQ:ARBK – Get Free Report) was the recipient of a large growth in short interest in 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 short-interest ratio is currently 0.2 days.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reiterated a “hold” rating and issued a $1.45 price objective on shares of Argo Blockchain in a research report on Thursday, November 16th.
Get Our Latest Stock Analysis on Argo Blockchain
Argo Blockchain Trading Down 1.7 %
Shares of ARBK opened at $1.76 on Thursday. The business’s fifty day moving average price is $2.25 and its two-hundred day moving average price is $1.74. Argo Blockchain has a 52 week low of $0.92 and a 52 week high of $4.45.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Argo Blockchain in the 1st quarter worth $51,000. Wolverine Trading LLC bought a new position in shares of Argo Blockchain in the 4th quarter worth $52,000. Harvest Portfolios Group Inc. boosted 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 last quarter. Jane Street Group LLC bought a new position in shares of Argo Blockchain in the 3rd quarter worth $72,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of Argo Blockchain in the 4th quarter worth $132,000. 1.13% of the stock is currently owned by institutional investors.
About Argo Blockchain
(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.
See Also
Receive News & Ratings for Argo Blockchain Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Argo Blockchain and related companies with MarketBeat.com’s FREE daily email newsletter.
Credit: Source link