Short Interest in Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBK) Drops By 69.5%

Posted by Geri Gentry on Sep 12th, 2026

Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBK – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,464 shares, a drop of 69.5% from the August 15th total of 4,802 shares. Based on an average daily trading volume, of 16,694 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on ARBK

Argo Blockchain Price Performance

Shares of NASDAQ ARBK traded up $0.01 during mid-day trading on Friday, hitting $2.90. 7,350 shares of the stock were exchanged, compared to its average volume of 12,000. The stock’s fifty day simple moving average is $2.99 and its two-hundred day simple moving average is $3.22. 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 twelve month low of $2.63 and a twelve month high of $205.20. The company has a market cap of $38.80 million, a P/E ratio of -0.02 and a beta of 1.90.

Hedge Funds Weigh In On Argo Blockchain

An institutional investor recently bought a new position in Argo Blockchain stock. Armistice Capital LLC acquired a new position in shares of Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBK – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,435,969 shares of the company’s stock, valued at approximately $830,000. Armistice Capital LLC owned 6.17% of Argo Blockchain at the end of the most recent quarter. Institutional investors and hedge funds own 2.42% of the company’s stock.

Argo Blockchain Company Profile

(Get Free Report)

Argo Blockchain Plc is a publicly traded blockchain technology company focused on large-scale cryptocurrency mining. The company’s principal business activities involve the deployment and operation of high-performance data centers that house specialized hardware for mining Bitcoin and other digital assets. Through advanced infrastructure design and a commitment to operational efficiency, Argo seeks to optimize hash rates and energy consumption to maximize yields for its shareholders.

Founded in 2017 and headquartered in London, Argo Blockchain initially listed on the London AIM market before securing a secondary listing on the Nasdaq under the ticker ARBK.