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

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,635 shares, a growth of 111.0% from the September 15th total of 775 shares. Based on an average daily volume of 84,835 shares, the short-interest ratio is presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Stock Down 1.7%

ETCG stock traded down $0.07 during midday trading on Wednesday, hitting $4.00. The company’s stock had a trading volume of 4,551 shares, compared to its average volume of 32,942. Grayscale Ethereum Classic Trust has a 1 year low of $3.05 and a 1 year high of $10.00. The stock’s 50-day moving average price is $3.97 and its 200 day moving average price is $4.08.

About Grayscale Ethereum Classic Trust (ETC)

Grayscale Ethereum Classic Trust (ETC) is an investment vehicle designed to provide investors with exposure to Ethereum Classic (ETC), a digital asset associated with the Ethereum Classic blockchain. The trust holds Ethereum Classic and issues shares intended to represent a fractional beneficial interest in its assets.

The trust is sponsored by Grayscale Investments, LLC, a digital asset investment management company. Rather than operating a conventional business or providing products and services to customers, Grayscale Ethereum Classic Trust is structured to offer an investment product whose performance is generally linked to the value of the Ethereum Classic it holds, less applicable expenses and liabilities.

Shares of the trust trade on the over-the-counter market in the United States under the symbol ETCG.