| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 98.75M | 32.16M | 3.07 |
| Aug 31, 2026 | 104.06M | 40.4M | 2.58 |
| Aug 14, 2026 | 97.41M | 48.85M | 1.99 |
| Jul 31, 2026 | 90.05M | 32.1M | 2.81 |
| Jul 15, 2026 | 91.27M | 33.79M | 2.70 |
| Jun 30, 2026 | 113.13M | 56.06M | 2.02 |
| Jun 15, 2026 | 93.52M | 40.09M | 2.33 |
| May 29, 2026 | 111.55M | 37.38M | 2.98 |
| May 15, 2026 | 122.9M | 50.53M | 2.43 |
| Apr 30, 2026 | 116.34M | 46.46M | 2.50 |
| Apr 15, 2026 | 116.14M | 69.91M | 1.66 |
| Mar 31, 2026 | 106.22M | 52.18M | 2.04 |
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 Snap 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.
