| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 25.23M | 9.09M | 2.78 |
| Aug 31, 2026 | 27.38M | 11.57M | 2.37 |
| Aug 14, 2026 | 22.92M | 7.01M | 3.27 |
| Jul 31, 2026 | 21.79M | 8.03M | 2.72 |
| Jul 15, 2026 | 25.05M | 6.82M | 3.67 |
| Jun 30, 2026 | 24.86M | 8.37M | 2.97 |
| Jun 15, 2026 | 26.77M | 8.91M | 3.00 |
| May 29, 2026 | 24.37M | 8.07M | 3.02 |
| May 15, 2026 | 25.6M | 10.82M | 2.37 |
| Apr 30, 2026 | 25.91M | 10.17M | 2.55 |
| Apr 15, 2026 | 25.2M | 9M | 2.80 |
| Mar 31, 2026 | 24.07M | 12.34M | 1.95 |
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 Coinbase 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.
