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Where the tokens are
Trade NET perps| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 7.7M | 3.15M | 2.44 |
| Aug 31, 2026 | 6.79M | 2.99M | 2.27 |
| Aug 14, 2026 | 7.43M | 5.22M | 1.42 |
| Jul 31, 2026 | 8.18M | 2.89M | 2.84 |
| Jul 15, 2026 | 9.83M | 3.17M | 3.10 |
| Jun 30, 2026 | 9.28M | 3.37M | 2.75 |
| Jun 15, 2026 | 8.94M | 4.44M | 2.01 |
| May 29, 2026 | 8.83M | 3.53M | 2.50 |
| May 15, 2026 | 8.99M | 6.31M | 1.43 |
| Apr 30, 2026 | 8.51M | 3M | 2.84 |
| Apr 15, 2026 | 8.52M | 5.61M | 1.52 |
| Mar 31, 2026 | 8.05M | 3.87M | 2.08 |
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 Cloudflare 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.