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

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,863 shares, an increase 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 presently 0.0 days. Based on an average daily volume of 38,212 shares, the days-to-cover ratio is presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Trading Up 0.3%

Shares of Grayscale Ethereum Classic Trust (ETC) stock traded up $0.01 on Tuesday, reaching $4.56. 33,923 shares of the stock were exchanged, compared to its average volume of 38,418. Grayscale Ethereum Classic Trust has a twelve month low of $4.40 and a twelve month high of $12.79. The business has a 50 day moving average price of $5.67 and a two-hundred day moving average price of $7.73.

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.