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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 2.85M | 1.34M | 2.13 |
| Aug 31, 2026 | 3.61M | 1.16M | 3.12 |
| Aug 14, 2026 | 3.65M | 1.82M | 2.00 |
| Jul 31, 2026 | 2.88M | 870.83K | 3.30 |
| Jul 15, 2026 | 2.88M | 1.34M | 2.15 |
| Jun 30, 2026 | 2.91M | 1.53M | 1.90 |
| Jun 15, 2026 | 2.5M | 1.06M | 2.36 |
| May 29, 2026 | 2.26M | 1.11M | 2.03 |
| May 15, 2026 | 2.72M | 1.55M | 1.76 |
| Apr 30, 2026 | 2.94M | 947.83K | 3.10 |
| Apr 15, 2026 | 3.36M | 1.31M | 2.56 |
| Mar 31, 2026 | 2.89M | 2.2M | 1.32 |
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 nLIGHT 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.