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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 3.78M | 937.33K | 4.03 |
| Aug 31, 2026 | 3.81M | 1.37M | 2.77 |
| Aug 14, 2026 | 3.9M | 993.62K | 3.93 |
| Jul 31, 2026 | 4.06M | 1.24M | 3.26 |
| Jul 15, 2026 | 3.55M | 1.11M | 3.21 |
| Jun 30, 2026 | 3.68M | 1.64M | 2.25 |
| Jun 15, 2026 | 4.01M | 1.03M | 3.88 |
| May 29, 2026 | 3.79M | 1.17M | 3.24 |
| May 15, 2026 | 3.7M | 966.69K | 3.83 |
| Apr 30, 2026 | 3.69M | 1.38M | 2.67 |
| Apr 15, 2026 | 4.1M | 912.81K | 4.49 |
| Mar 31, 2026 | 4.07M | 1.34M | 3.03 |
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 Steel Dynamics 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.