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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 7.22M | 1.64M | 4.41 |
| Aug 31, 2026 | 4.93M | 1.43M | 3.44 |
| Aug 14, 2026 | 4.3M | 956.61K | 4.49 |
| Jul 31, 2026 | 4.68M | 1.06M | 4.41 |
| Jul 15, 2026 | 5.1M | 1.33M | 3.84 |
| Jun 30, 2026 | 5.44M | 3.76M | 1.45 |
| Jun 15, 2026 | 4.35M | 3.4M | 1.28 |
| May 29, 2026 | 3.18M | 6.47M | 1.00 |
| May 15, 2026 | 2.6M | 11.46M | 1.00 |
| Apr 30, 2026 | 1.64M | 4.82M | 1.00 |
| Apr 15, 2026 | 1.04M | 1.82M | 1.00 |
| Mar 31, 2026 | 345.35K | 372.15K | 1.00 |
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 Xanadu Quantum 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.