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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 6.13M | 934.13K | 6.56 |
| Aug 31, 2026 | 6M | 2.02M | 2.97 |
| Aug 14, 2026 | 6.14M | 989.85K | 6.21 |
| Jul 31, 2026 | 6.08M | 965.82K | 6.30 |
| Jul 15, 2026 | 6.32M | 972.95K | 6.50 |
| Jun 30, 2026 | 6.66M | 1.65M | 4.03 |
| Jun 15, 2026 | 5.8M | 1.9M | 3.06 |
| May 29, 2026 | 4.77M | 3.15M | 1.52 |
| May 15, 2026 | 4.7M | 1.7M | 2.76 |
| Apr 30, 2026 | 4.24M | 980.73K | 4.33 |
| Apr 15, 2026 | 4.54M | 962.03K | 4.72 |
| Mar 31, 2026 | 4.22M | 1.52M | 2.77 |
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 Bakkt 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.