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Coronavirus Fears Spark The Heaviest Trading Month In Over A Year On OTC Markets

The spread of the coronavirus and its impact on the global economy drove a significant uptick in trading volume on OTC Markets, according to data from OTC Markets Group.

Benzinga · 03/09/2020 11:47

The spread of the coronavirus and its impact on the global economy drove a significant uptick in trading volume on OTC Markets, according to data from OTC Markets Group.

With investors concerned about the implications of a global pandemic, over $31 billion worth of shares traded on OTC Markets in February, a 63% increase from January. That made February the most heavily traded month for over-the-counter securities since January 2019.

The most-traded securities on the OTCQX Best Market—the top tier of OTC Markets— were the Grayscale Bitcoin Trust (OTCQX: GBTC) and Roche Holding (OTCQX: RHHBY), which saw nearly $2.5 million worth of shares traded between them.

An increase in cryptocurrency volume seemed to be a theme during the month. GBTC’s volume rose 38% in February, while the Grayscale Ethereum Classic Trust (OTCQX: ETCG) and Grayscale Ethereum Trust (OTCQX: ETHE) saw their volume increase 145% and 621% respectively. Computer Services, Inc. (OTCQX: CSVI) (up 236%), Royal DSM NV (OTCQX: RDSMY) (up 143%) and AXA (OTCQX: AXAHY) (up 127%) also saw significant volume gains in February.

On the OTCQB Venture Market, three securities that saw the biggest month-over-month volume gains were TOMI Environmental Solutions, Inc. (OTCQB: TOMZ), Franchise Holdings International, Inc. (OTCQB: FNHI), and Hornbeck Offshore Services, Inc. (OTCQB: HOSS).

To date, Fannie Mae (OTCQB: FNMA), Freddie Mac (OTCQB: FMCC), and CytoDyn (OTCQB: CYDY) are the most active securities on the market, both surpassing $100 million in volume this year.

Below is a list of the 10 most active securities on the OTCQX and OTCQB Markets in February.

OTCQX

Company Name

Symbol

Country

February Dollar Volume

Grayscale Bitcoin Trust

GBTC

U.S.

$1,253,442,996

Roche Holding Ltd

RHHBY

Switzerland

$1,220,304,783

Royal DSM NV

RDSMY

The Netherlands

$200,525,555

AXA

AXAHY

France

$190,315,804

Imperial Brands PLC

IMBBY

United Kingdom

$188,853,485

Repsol S.A.

REPYY

Spain

$166,393,715

Danone

DANOY

France

$164,683,768

adidas AG

ADDYY

Germany

$160,082,856

BASF SE

BASFY

Germany

$141,587,375

Grayscale Ethereum Trust

ETHE

U.S.

$132,864,744

OTCQB

Company Name

Symbol

Country

February Dollar Volume

Fannie Mae

FNMA

U.S.

$296,439,281

Freddie Mac

FMCC

U.S.

$122,662,391

CytoDyn Inc.

CYDY

U.S.

$106,742,180

TOMI Environmental Solutions, Inc.

TOMZ

U.S.

$20,981,597

Semler Scientific, Inc.

SMLR

U.S.

$18,553,479

Generex Biotechnology Corp.

GNBT

U.S.

$15,194,012

American Battery Metals Corporation

ABML

U.S.

$14,136,142

Nextech AR Solutions Corp.

NEXCF

Canada

$12,253,503

Q BioMed Inc.

QBIO

U.S.

$12,190,587

Biotricity Inc.

BTCY

U.S.

$8,883,442