| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 16.45M | 9.13M | 1.80 |
| Aug 31, 2026 | 18.51M | 6.06M | 3.05 |
| Aug 14, 2026 | 15.39M | 13.76M | 1.12 |
| Jul 31, 2026 | 20.12M | 8.77M | 2.29 |
| Jul 15, 2026 | 26.56M | 6.91M | 3.84 |
| Jun 30, 2026 | 21.3M | 9.65M | 2.21 |
| Jun 15, 2026 | 21.05M | 7.95M | 2.65 |
| May 29, 2026 | 21.69M | 9.88M | 2.19 |
| May 15, 2026 | 21.81M | 18.47M | 1.18 |
| Apr 30, 2026 | 19.1M | 6.41M | 2.98 |
| Apr 15, 2026 | 21.74M | 7.94M | 2.74 |
| Mar 31, 2026 | 16.69M | 8.15M | 2.05 |
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 Shopify 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.
