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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 12.38M | 1.08M | 11.45 |
| Aug 31, 2026 | 11.86M | 1.17M | 10.16 |
| Aug 14, 2026 | 11.86M | 1.84M | 6.45 |
| Jul 31, 2026 | 11.96M | 1.45M | 8.25 |
| Jul 15, 2026 | 12.33M | 1.34M | 9.18 |
| Jun 30, 2026 | 13.18M | 3.25M | 4.05 |
| Jun 15, 2026 | 11.61M | 2.28M | 5.10 |
| May 29, 2026 | 9.96M | 1.28M | 7.77 |
| May 15, 2026 | 10.21M | 2.07M | 4.94 |
| Apr 30, 2026 | 9.95M | 1.02M | 9.79 |
| Apr 15, 2026 | 11.42M | 1.01M | 11.29 |
| Mar 31, 2026 | 11.86M | 1.02M | 11.57 |
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 Liquidia 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.