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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 16.35M | 2.93M | 5.58 |
| Aug 31, 2026 | 15.74M | 3.28M | 4.81 |
| Aug 14, 2026 | 16.37M | 3.86M | 4.24 |
| Jul 31, 2026 | 16.59M | 4.1M | 4.05 |
| Jul 15, 2026 | 20.38M | 2.88M | 7.07 |
| Jun 30, 2026 | 20.78M | 3.56M | 5.84 |
| Jun 15, 2026 | 16.67M | 4.14M | 4.03 |
| May 29, 2026 | 15.12M | 2.72M | 5.56 |
| May 15, 2026 | 14.09M | 2.54M | 5.55 |
| Apr 30, 2026 | 16.01M | 3.2M | 5.01 |
| Apr 15, 2026 | 16.25M | 2.65M | 6.13 |
| Mar 31, 2026 | 16.46M | 2.72M | 6.05 |
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 CMS Energy 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.