Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Short Interest Up 40.3% in March

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,614 shares, a growth of 40.3% from the February 26th total of 1,863 shares. Based on an average daily volume of 39,065 shares, the days-to-cover ratio is presently 0.1 days.

Grayscale Ethereum Classic Trust (ETC) Price Performance

ETCG stock remained flat at $4.36 during mid-day trading on Monday. 5,144 shares of the company’s stock traded hands, compared to its average volume of 33,259. Grayscale Ethereum Classic Trust has a 52-week low of $4.21 and a 52-week high of $12.79. The stock’s 50 day moving average is $5.00 and its two-hundred day moving average is $7.08.

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.