Short Interest in Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Drops By 73.6%

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 403 shares, a drop of 73.6% from the December 31st total of 1,526 shares. Based on an average daily trading volume, of 32,962 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 32,962 shares, the days-to-cover ratio is presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Stock Down 1.1%

Grayscale Ethereum Classic Trust (ETC) stock traded down $0.06 during trading on Friday, hitting $5.33. The company had a trading volume of 223,262 shares, compared to its average volume of 42,083. Grayscale Ethereum Classic Trust has a 1-year low of $5.03 and a 1-year high of $12.79. The company’s 50 day simple moving average is $7.00 and its 200-day simple moving average is $8.93.

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.