Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Short Interest Down 73.6% in January

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 403 shares, a decline 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 Performance

OTCMKTS ETCG traded down $0.01 during trading on Wednesday, hitting $6.19. The stock had a trading volume of 4,320 shares, compared to its average volume of 27,585. The firm has a 50 day moving average price of $7.08 and a 200 day moving average price of $8.97. Grayscale Ethereum Classic Trust has a twelve month low of $5.50 and a twelve 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.