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

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,863 shares, a growth of 590.0% from the February 12th total of 270 shares. Based on an average daily volume of 38,212 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 38,212 shares, the days-to-cover ratio is currently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Stock Performance

Shares of ETCG traded up $0.01 during midday trading on Tuesday, hitting $4.56. 33,923 shares of the company’s stock traded hands, compared to its average volume of 38,418. Grayscale Ethereum Classic Trust has a 1 year low of $4.40 and a 1 year high of $12.79. The firm’s fifty day moving average is $5.67 and its 200-day moving average is $7.73.

Grayscale Ethereum Classic Trust (ETC) Company Profile

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.