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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 46.15M | 32.16M | 1.43 |
| Aug 31, 2026 | 43.89M | 27.23M | 1.61 |
| Aug 14, 2026 | 46.43M | 24.13M | 1.92 |
| Jul 31, 2026 | 52.48M | 20.33M | 2.58 |
| Jul 15, 2026 | 58.5M | 22.92M | 2.55 |
| Jun 30, 2026 | 61.52M | 22.41M | 2.75 |
| Jun 15, 2026 | 62.25M | 24.02M | 2.59 |
| May 29, 2026 | 67.22M | 21.4M | 3.14 |
| May 15, 2026 | 49.83M | 26.17M | 1.90 |
| Apr 30, 2026 | 64.38M | 23.89M | 2.69 |
| Apr 15, 2026 | 70.43M | 26.79M | 2.63 |
| Mar 31, 2026 | 59.2M | 28.23M | 2.10 |
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 Vale SA 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.