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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 4.52M | 1.4M | 3.22 |
| Aug 31, 2026 | 6.12M | 1.75M | 3.49 |
| Aug 14, 2026 | 4.93M | 2.22M | 2.22 |
| Jul 31, 2026 | 6.46M | 1.81M | 3.57 |
| Jul 15, 2026 | 6.56M | 1.45M | 4.53 |
| Jun 30, 2026 | 6.3M | 1.92M | 3.28 |
| Jun 15, 2026 | 7.77M | 1.8M | 4.31 |
| May 29, 2026 | 7.11M | 3.09M | 2.30 |
| May 15, 2026 | 6.44M | 2.12M | 3.03 |
| Apr 30, 2026 | 7.12M | 2.57M | 2.77 |
| Apr 15, 2026 | 6.34M | 1.53M | 4.14 |
| Mar 31, 2026 | 6.52M | 1.58M | 4.12 |
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 Spotify 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.