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 increase in short interest during the month of April. As of April 30th, there was short interest totaling 800 shares, an increase of 244.8% from the April 15th total of 232 shares. Based on an average daily volume of 105,108 shares, the short-interest ratio is presently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Price Performance

Shares of ETCG stock traded down $0.07 during trading hours on Friday, hitting $4.42. 7,891 shares of the company’s stock traded hands, compared to its average volume of 38,624. The stock’s 50 day simple moving average is $4.52 and its 200 day simple moving average is $5.92. Grayscale Ethereum Classic Trust has a 12 month low of $4.21 and a 12 month high of $12.79.

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.