Flowerpot, the US shorts on ARBKF dropped from 126,425 to 9,990 so I would suspect a similar significant drop here too. I believe that shorts closing was part of the Friday surge along with retail investors buying. I was certainly glad to get some more.
Shorting Argo at this level would be very risky, IMO.
PW sold the majority of the shares at 29.5p. Funny that doesn't get mentioned when people try to discredit him with his selling. Guess it doesn't fit into your narrative. Most people here probably bought after that when it rocketed up after he sold.