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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 22.42M | 3.82M | 5.87 |
| Aug 31, 2026 | 25.68M | 3.12M | 8.23 |
| Aug 14, 2026 | 24.6M | 5.07M | 4.85 |
| Jul 31, 2026 | 26.74M | 3.81M | 7.02 |
| Jul 15, 2026 | 28.64M | 3.35M | 8.55 |
| Jun 30, 2026 | 28.23M | 4.38M | 6.44 |
| Jun 15, 2026 | 28.86M | 3.66M | 7.89 |
| May 29, 2026 | 26.42M | 3.95M | 6.69 |
| May 15, 2026 | 26.88M | 4.63M | 5.81 |
| Apr 30, 2026 | 25.17M | 3.01M | 8.37 |
| Apr 15, 2026 | 26.19M | 3.48M | 7.52 |
| Mar 31, 2026 | 27.52M | 3.37M | 8.16 |
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 Dropbox 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.