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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 31.63M | 7.29M | 4.34 |
| Aug 31, 2026 | 28.66M | 9.1M | 3.15 |
| Aug 14, 2026 | 31.35M | 10.96M | 2.86 |
| Jul 31, 2026 | 34.3M | 9.6M | 3.57 |
| Jul 15, 2026 | 40.78M | 10.36M | 3.93 |
| Jun 30, 2026 | 44.23M | 18.86M | 2.34 |
| Jun 15, 2026 | 42.52M | 10.17M | 4.18 |
| May 29, 2026 | 44.22M | 12.87M | 3.44 |
| May 15, 2026 | 35.45M | 15.42M | 2.30 |
| Apr 30, 2026 | 31.6M | 7.95M | 3.97 |
| Apr 15, 2026 | 28.29M | 9.45M | 2.99 |
| Mar 31, 2026 | 28.3M | 10.25M | 2.76 |
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 Toast 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.