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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 24.61M | 4.1M | 6.00 |
| Aug 31, 2026 | 22M | 3.13M | 7.03 |
| Aug 14, 2026 | 21.87M | 2.22M | 9.85 |
| Jul 31, 2026 | 19.92M | 2.09M | 9.55 |
| Jul 15, 2026 | 20.44M | 2.05M | 9.98 |
| Jun 30, 2026 | 20.47M | 2.47M | 8.29 |
| Jun 15, 2026 | 20.41M | 2.78M | 7.35 |
| May 29, 2026 | 16.49M | 5.93M | 2.78 |
| May 15, 2026 | 15.16M | 2.74M | 5.53 |
| Apr 30, 2026 | 15.7M | 2.2M | 7.14 |
| Apr 15, 2026 | 13.34M | 1.74M | 7.67 |
| Mar 31, 2026 | 14.06M | 2.35M | 5.98 |
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 Bilibili 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.