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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 2.22M | 561.05K | 3.95 |
| Aug 31, 2026 | 2.58M | 712.11K | 3.62 |
| Aug 14, 2026 | 2.67M | 772.03K | 3.45 |
| Jul 31, 2026 | 3.06M | 667.14K | 4.58 |
| Jul 15, 2026 | 2.86M | 695.29K | 4.12 |
| Jun 30, 2026 | 2.7M | 842.87K | 3.20 |
| Jun 15, 2026 | 2.56M | 704.99K | 3.63 |
| May 29, 2026 | 2.39M | 596.48K | 4.00 |
| May 15, 2026 | 2.47M | 817.51K | 3.03 |
| Apr 30, 2026 | 2.15M | 765.24K | 2.81 |
| Apr 15, 2026 | 2.06M | 783.69K | 2.63 |
| Mar 31, 2026 | 2.27M | 1.78M | 1.27 |
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 Royal Gold 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.