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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 4.04M | 438.7K | 9.22 |
| Aug 31, 2026 | 3.91M | 399.73K | 9.78 |
| Aug 14, 2026 | 3.78M | 453.23K | 8.33 |
| Jul 31, 2026 | 3.81M | 494.56K | 7.71 |
| Jul 15, 2026 | 4.54M | 469.61K | 9.67 |
| Jun 30, 2026 | 4.65M | 660.68K | 7.04 |
| Jun 15, 2026 | 3.91M | 564.51K | 6.93 |
| May 29, 2026 | 4.01M | 551.98K | 7.26 |
| May 15, 2026 | 3.4M | 653.36K | 5.21 |
| Apr 30, 2026 | 3.44M | 736.51K | 4.67 |
| Apr 15, 2026 | 2.65M | 726.24K | 3.65 |
| Mar 31, 2026 | 2.87M | 788.28K | 3.64 |
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 MSDL 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.