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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 2.25M | 197.44K | 11.42 |
| Aug 31, 2026 | 2.24M | 236.74K | 9.46 |
| Aug 14, 2026 | 2.03M | 335.01K | 6.05 |
| Jul 31, 2026 | 1.97M | 406.25K | 4.84 |
| Jul 15, 2026 | 2.06M | 297.28K | 6.94 |
| Jun 30, 2026 | 3.53M | 568.81K | 6.20 |
| Jun 15, 2026 | 3.78M | 263.96K | 14.32 |
| May 29, 2026 | 3.82M | 271.57K | 14.08 |
| May 15, 2026 | 3.9M | 316.16K | 12.33 |
| Apr 30, 2026 | 3.85M | 233.96K | 16.47 |
| Apr 15, 2026 | 4.01M | 316.34K | 12.69 |
| Mar 31, 2026 | 3.91M | 428.79K | 9.12 |
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 Madrigal Pharmaceuticals 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.