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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 8.81M | 8.06M | 1.09 |
| Aug 31, 2026 | 9.19M | 9.28M | 1.00 |
| Aug 14, 2026 | 10.75M | 13.54M | 1.00 |
| Jul 31, 2026 | 10.06M | 9.63M | 1.04 |
| Jul 15, 2026 | 11.02M | 8.74M | 1.26 |
| Jun 30, 2026 | 11.26M | 10.46M | 1.08 |
| Jun 15, 2026 | 7.6M | 8.96M | 1.00 |
| May 29, 2026 | 7.3M | 8.96M | 1.00 |
| May 15, 2026 | 8.26M | 11.06M | 1.00 |
| Apr 30, 2026 | 7.55M | 13.28M | 1.00 |
| Apr 15, 2026 | 8.29M | 14.52M | 1.00 |
| Mar 31, 2026 | 7.18M | 11.65M | 1.00 |
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 AXT 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.