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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 16.08M | 1.85M | 8.68 |
| Aug 31, 2026 | 15.53M | 1.83M | 8.49 |
| Aug 14, 2026 | 14.27M | 2.46M | 5.80 |
| Jul 31, 2026 | 13.74M | 2.26M | 6.08 |
| Jul 15, 2026 | 16.59M | 1.85M | 8.94 |
| Jun 30, 2026 | 15.7M | 3.2M | 4.90 |
| Jun 15, 2026 | 18.09M | 2.33M | 7.76 |
| May 29, 2026 | 17M | 2.2M | 7.72 |
| May 15, 2026 | 15.64M | 3.3M | 4.75 |
| Apr 30, 2026 | 14.71M | 2.93M | 5.02 |
| Apr 15, 2026 | 13.91M | 3.98M | 3.50 |
| Mar 31, 2026 | 13.81M | 4.17M | 3.31 |
The share of each day’s reported trading that was a short sale. This is not short interest: most of it is market makers selling short to fill buy orders and buying back within the day, so a ratio of 30–50% is ordinary for a heavily traded stock and says little about how many shares are held short overnight.
Figures describe Ares Management shares, not any token. As of Sep 15, 2026, from exchange short-interest reports and FINRA short-sale volume, via Massive. Short sellers borrow and sell the shares themselves; token holders are not lending theirs.