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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 10.42M | 3.24M | 3.21 |
| Aug 31, 2026 | 7.47M | 2.09M | 3.57 |
| Aug 14, 2026 | 5.57M | 3.39M | 1.65 |
| Jul 31, 2026 | 2.9M | 3.96M | 1.00 |
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 Jersey Mike's Subs 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.