Short Interest in Grayscale Bitcoin Trust (BTC) (OTCMKTS:GBTC) Rises By 5.5%

Grayscale Bitcoin Trust (BTC) (OTCMKTS:GBTC – Get Rating) saw a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 7,365,600 shares, a growth of 5.5% from the December 15th total of 6,979,900 shares. Based on an average daily volume of 7,329,200 shares, the days-to-cover ratio is presently 1.0 days.

Grayscale Bitcoin Trust (BTC) Stock Performance

GBTC stock opened at $11.97 on Wednesday. Grayscale Bitcoin Trust has a 52-week low of $7.46 and a 52-week high of $33.18. The stock’s 50 day moving average is $9.08 and its two-hundred day moving average is $11.34.

Grayscale Bitcoin Trust (BTC) Company Profile

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Grayscale Bitcoin Trust (BTC) is an investment vehicle that enables investors to gain access and exposure to Bitcoin in the form of a security without the challenges of buying, storing, and safekeeping Bitcoin directly. The company was founded on September 13, 2013 and is headquartered in Stamford, CT.