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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 32.87M | 13.01M | 2.53 |
| Aug 31, 2026 | 39.15M | 50.16M | 1.00 |
| Aug 14, 2026 | 52.81M | 5.77M | 9.15 |
| Jul 31, 2026 | 49.77M | 4.87M | 10.22 |
| Jul 15, 2026 | 52.4M | 8.63M | 6.07 |
| Jun 30, 2026 | 53.19M | 11.53M | 4.61 |
| Jun 15, 2026 | 58.66M | 5.6M | 10.48 |
| May 29, 2026 | 57.81M | 4.71M | 12.27 |
| May 15, 2026 | 58.07M | 10.32M | 5.63 |
| Apr 30, 2026 | 58.31M | 5.75M | 10.15 |
| Apr 15, 2026 | 59.44M | 5.19M | 11.45 |
| Mar 31, 2026 | 60.65M | 6.7M | 9.05 |
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 Moderna 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.