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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 19.93M | 7.09M | 2.81 |
| Aug 31, 2026 | 23.22M | 5.66M | 4.10 |
| Aug 14, 2026 | 23.68M | 5.63M | 4.21 |
| Jul 31, 2026 | 26.91M | 7.46M | 3.61 |
| Jul 15, 2026 | 27.76M | 6.08M | 4.57 |
| Jun 30, 2026 | 29.57M | 6.46M | 4.58 |
| Jun 15, 2026 | 29.86M | 6.65M | 4.49 |
| May 29, 2026 | 28.95M | 7.41M | 3.91 |
| May 15, 2026 | 28.16M | 7.86M | 3.58 |
| Apr 30, 2026 | 21.22M | 9.04M | 2.35 |
| Apr 15, 2026 | 12.25M | 7.71M | 1.59 |
| Mar 31, 2026 | 11.96M | 8.67M | 1.38 |
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 Shell 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.