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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 29.34M | 10.87M | 2.70 |
| Aug 31, 2026 | 33.37M | 13.11M | 2.55 |
| Aug 14, 2026 | 33.73M | 9.29M | 3.63 |
| Jul 31, 2026 | 39.95M | 17.05M | 2.34 |
| Jul 15, 2026 | 54.77M | 20.04M | 2.73 |
| Jun 30, 2026 | 54.92M | 18.02M | 3.05 |
| Jun 15, 2026 | 54.35M | 16.1M | 3.38 |
| May 29, 2026 | 49.54M | 12.94M | 3.83 |
| May 15, 2026 | 43.14M | 17.36M | 2.48 |
| Apr 30, 2026 | 42.81M | 12.11M | 3.54 |
| Apr 15, 2026 | 45.15M | 12.78M | 3.53 |
| Mar 31, 2026 | 45.98M | 18.87M | 2.44 |
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 PayPal 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.