Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Significant Growth in Short Interest

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,064 shares, an increase of 277.3% from the July 15th total of 282 shares. Based on an average trading volume of 38,087 shares, the short-interest ratio is currently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Stock Performance

Shares of OTCMKTS ETCG opened at $3.24 on Friday. The stock’s 50-day simple moving average is $3.74 and its two-hundred day simple moving average is $4.30. Grayscale Ethereum Classic Trust has a twelve month low of $3.05 and a twelve month high of $12.79.

About Grayscale Ethereum Classic Trust (ETC)

Grayscale Ethereum Classic Trust (OTCMKTS: ETCG) is a digital currency investment vehicle that provides investors with a convenient and regulated means of gaining exposure to Ethereum Classic (ETC) without the need for direct purchase, storage, or management of the cryptocurrency. The trust holds ETC in cold storage, and each share issued by the trust represents a fractional interest in those holdings. Shares are quoted on the OTCQX market, allowing U.S. and international investors to buy and sell through conventional brokerage accounts.

Launched by Grayscale Investments—an affiliate of Digital Currency Group—the Ethereum Classic Trust first commenced operations in late 2017.