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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 683.78K | 118.52K | 5.77 |
| Aug 31, 2026 | 623.57K | 163.2K | 3.82 |
| Aug 14, 2026 | 563.29K | 175.01K | 3.22 |
| Jul 31, 2026 | 623.85K | 279.67K | 2.23 |
| Jul 15, 2026 | 783.48K | 127.27K | 6.16 |
| Jun 30, 2026 | 910.57K | 219.25K | 4.15 |
| Jun 15, 2026 | 950.62K | 235.19K | 4.04 |
| May 29, 2026 | 944.14K | 213.92K | 4.41 |
| May 15, 2026 | 820.47K | 174.03K | 4.71 |
| Apr 30, 2026 | 873.29K | 231.33K | 3.78 |
| Apr 15, 2026 | 764.98K | 125.84K | 6.08 |
| Mar 31, 2026 | 855.98K | 233.12K | 3.67 |
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 Clearwater Paper 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.