Short Interest in Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Rises By 857.1%

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 2,699 shares, an increase of 857.1% from the August 15th total of 282 shares. Based on an average daily trading volume, of 78,830 shares, the short-interest ratio is currently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Stock Down 4.4%

Grayscale Ethereum Classic Trust (ETC) stock traded down $0.19 during trading hours on Thursday, hitting $4.10. The stock had a trading volume of 16,812 shares, compared to its average volume of 33,095. Grayscale Ethereum Classic Trust has a 12-month low of $3.05 and a 12-month high of $11.51. The stock’s 50-day moving average price is $3.68 and its 200-day moving average price is $4.13.

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.