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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 18.53M | 4.79M | 3.87 |
| Aug 31, 2026 | 20.32M | 7.31M | 2.78 |
| Aug 14, 2026 | 22.25M | 6.13M | 3.63 |
| Jul 31, 2026 | 20.79M | 7.38M | 2.82 |
| Jul 15, 2026 | 23.58M | 8.88M | 2.66 |
| Jun 30, 2026 | 20.68M | 10.87M | 1.90 |
| Jun 15, 2026 | 21.28M | 7.22M | 2.95 |
| May 29, 2026 | 21.36M | 8.77M | 2.44 |
| May 15, 2026 | 25.81M | 6.85M | 3.77 |
| Apr 30, 2026 | 23.12M | 7.97M | 2.90 |
| Apr 15, 2026 | 23.42M | 5.61M | 4.18 |
| Mar 31, 2026 | 23.46M | 8.2M | 2.86 |
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 Visa 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.