A Quick Look At The OTC Markets' Most-Active Securities In August - Here's What You Need to Know

While July gave markets around the world a breather, August reestablished 2022’s choppy financial conditions.

The SPDR S&P 500 ETF Trust SPY declined by 4.08% in August, its fifth month of decline in 2022. The Fidelity NASDAQ Composite Index ETF ONEQ and the SPDR Dow Jones Industrial Average ETF DIA mirrored this downward trend, showing monthly decreases of 4.59% and 3.96%, respectively, in August.

Given the possibility — some think probability — that the Federal Reserve will hike rates yet again in September, and the fact that global economies are experiencing growing inflationary pressures, investor sentiment appears to have altered course in August when compared to July. While some warn that the U.S. may be heading into a prolonged recession, others report that recent macroeconomic data — like a 3.7% unemployment rate — do not support this argument.

Even as ambiguity surrounds the market’s future movements, OTC Markets Group Inc.’s OTCM regulated markets experienced a slight increase in total monthly volume in August, recording $39.3 billion in trades for the month compared to $37.3 billion in July. Additionally, two Ethereum-based securities found themselves in improved positions on the OTCQX Best Market’s Most Active list. 

Finally, a number of new securities have emerged on the OTCQX Best Market and OTCQB Venture Market, which could potentially be of interest to investors despite the relatively bearish sentiment experienced throughout the month and year so far. Both the OTCQX Best Market and the OTCQB Venture Market maintained a significant international presence in August, with over half of the top most-traded securities across both markets being composed of international operators.

A Dive Into The OTCQX Best Market’s Most-Active List

The OTCQX Best Market recorded $7 billion in trades in August, a figure that has been relatively unchanged since July. 

Grayscale Ethereum Trust ETHE rose to the top of OTCQX Best Market’s most-active list, while steadfast performers Roche Holding AG RHHBY and Grayscale Bitcoin Trust GBTC slotted in as the second and third most-traded securities. 

Additionally, OTCQX’s top 10 most-active securities experienced a slight reshuffle in August, welcoming Imperial Brands PLC IMBBY, a multinational tobacco company, and Computer Services Inc. CSVI. The two displace Danone S.A. DANOY and Zurich Insurance Group Ltd. ZURVY, two usuals in the OTCQX’s Top 10 Most Active list.

Despite poor market conditions around the globe, the OTCQX Best Market has managed to maintain its hold on a number of industries, as demonstrated by the constituents of its Most Active list. Below are some of the companies on the list along with their relevant specialties: 

• Infineon Technologies AG IFNNY: Semiconductor solutions.
• BASF SE BASFY BFFAF: Chemical manufacturing. 
• Grayscale Bitcoin Trust GBTC: Digital currency investment product
• Trulieve Cannabis Corp. TCNNF: Cannabis sales and cultivation.
• Heineken N.V. HEINY: Alcohol manufacturing and distribution.

Of the 30 securities on the Most Active list, 22 were international operators. Some of these were new faces like the United Kingdom’s Imperial Brands and Canada’s Reconnaissance Energy Africa Ltd. RECAF, while some regulars like Germany’s Adidas AG ADDYY and the United Kingdom’s Anglo American PLC NGLOY were also present.

Other notable volume movers:

• Grayscale Ethereum Classic Trust ETCG claimed the 23rd spot on the OTCQX’s Most Active list, experiencing a 112% increase in trading volume.

The OTCQB Venture Market Experiences A Reshuffle In August

The OTCQB Venture Market recorded $601 million in trades in August, an increase from July’s $463 million figure.

Like the OTCQX Best Market, the OTCQB Venture Market’s Top 10 Most Active list saw two new entries. Specifically, American Lithium Corp. LIACF and Todos Medical Ltd. TOMDF made their way into the top 10.

Similar to July, the OTCQB Venture Market witnessed a number of novelties in August. In addition to two new companies on the Top 10 Most Active list, the second, third and fourth most-active securities also changed. Computer memory subsystems specialist Netlist Inc. NLST, mortgage financiers Federal Home Loan Mortgage Corp. (Freddie Mac) FMCC, and Federal National Mortgage Association (Fannie Mae) FNMA made way for Stemtech Corp. STEK, Northwest Biotherapeutics Inc. NWBO and American Battery Technology Co. ABML. 

Thirteen international securities landed a spot on the OTCQB Venture Market’s Most Active list. Of these, four are Australian, six are Canadian, one is Israeli, one is South African and one is from Hong Kong. 

Other notable movers: 

• Snowline Gold Corp. SNWGF climbed to 12th place on the Most Active list and recorded an $8.6 million rise in trading volume compared to last month.
• Hugoton Royalty Trust HGTXU climbed to 13th place in the Most Active list and recorded an $8.5 million rise in trading volume compared to last month.
• DSG Global Inc. DSGT climbed to 17th place on the Most Active list and recorded a $5.5 million rise in trading volume compared to last month.

The OTCQX And OTCQB Top 10

Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in August. 

OTCQX Top 10: 

Company Name	Symbol	August Dollar Volume
Grayscale Ethereum Trust (ETH)	ETHE	$1,114,134,926
Roche Holding Ltd.	RHHBY	$935,026,316
Grayscale Bitcoin Trust (BTC)	GBTC	$921,411,988
adidas AG	ADDYY	$302,833,956
Computer Services Inc.	CSVI	$292,875,479
BNP Paribas	BNPQY	$291,431,930
Anglo American plc	NGLOY	$195,164,216
Infineon Technologies AG	IFNNY	$168,045,608
Imperial Brands PLC	IMBBY	$167,522,020
BASF SE	BASFY	$153,897,600

OTCQB Top 10: 

Company Name	Symbol	August Dollar Volume
CytoDyn Inc.	CYDY	$64,363,191
Stemtech Corp.	STEK	$49,237,636
Northwest Biotherapeutics Inc.	NWBO	$25,610,301
American Battery Technology Co.	ABML	$21,298,838
Netlist Inc.	NLST	$17,770,131
Fannie Mae	FNMA	$17,430,475
Lake Resources N.L.	LLKKF	$14,688,357
American Lithium Corp.	LIACF	$14,031,588
Freddie Mac	FMCC	$13,769,993
Todos Medical Ltd.	TOMDF	$13,610,935

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Featured photo by Annie Spratt on Unsplash