Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Short Interest Up 857.1% in August

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,699 shares, a growth 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 presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Trading Down 4.4%

Shares of ETCG traded down $0.19 during mid-day trading on Thursday, reaching $4.10. 16,812 shares of the company’s stock traded hands, 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 is $3.68 and its two-hundred day moving average 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.