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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 138.9M | 51.04M | 2.72 |
| Aug 31, 2026 | 129.99M | 29.04M | 4.48 |
| Aug 14, 2026 | 123.78M | 27.76M | 4.46 |
| Jul 31, 2026 | 122.87M | 22.45M | 5.47 |
| Jul 15, 2026 | 128.28M | 24.7M | 5.19 |
| Jun 30, 2026 | 130.23M | 30.19M | 4.31 |
| Jun 15, 2026 | 134.18M | 31.95M | 4.20 |
| May 29, 2026 | 144.49M | 56M | 2.58 |
| May 15, 2026 | 137.52M | 32.91M | 4.18 |
| Apr 30, 2026 | 134.16M | 29.08M | 4.61 |
| Apr 15, 2026 | 137.93M | 40.34M | 3.42 |
| Mar 31, 2026 | 146.27M | 42.14M | 3.47 |
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 NIO 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.