Short Volume

What share of each day's trading in a security is executed as a short sale — reported by FINRA every trading day. This is not the same thing as short interest, and the difference decides what it can tell you.

The number that frames everything else

50.3% is the median short share across actively traded securities. Roughly half of all trading being flagged short is normal, because most of it is market makers selling to fill your buy order and flattening minutes later. A number near 50% means nothing on its own.

Highest short share Lowest short share Most traded FINRA Reg SHO · 20 sessions to 2026-09-11 · 2M+ shares a day

Ticker	Average short share	Latest	Daily volume	Type
NVDA NVIDIA Corporation	38.7%	37.9%	51.0M	Company
TSLL Direxion Daily TSLA Bull 2X ETF	41.0%	34.4%	49.7M	Fund
NU Nu Holdings Ltd. Class A Ordinary Shares	47.6%	54.5%	49.3M	Company
GPRO GoPro, Inc.	39.8%	33.1%	48.9M	Company
PATH UiPath, Inc. Class A	53.9%	47.4%	46.8M	Company
AAL American Airlines Group, Inc.	57.1%	47.4%	46.6M	Company
OSRH	46.7%	62.8%	46.5M	—
NVD GraniteShares 2x Short NVDA Daily ETF	42.7%	29.9%	45.2M	Fund
ONDS Ondas Inc	54.1%	47.6%	42.6M	Company
INTC Intel Corporation	42.5%	38.2%	40.5M	Company
BITO ProShares Bitcoin ETF	53.1%	51.8%	39.9M	Fund
SPCX	58.6%	53.7%	39.3M	—
FNGR	57.4%	56.7%	37.8M	—
DVLT Datavault AI Inc.	63.1%	70.2%	37.0M	Company
FAMI	50.3%	52.5%	32.8M	—
PLUG Plug Power, Inc.	50.4%	53.6%	32.8M	Company
SNXX	40.1%	61.9%	32.0M	—
NOK Nokia Corporation Sponsored American Depositary Shares	33.1%	39.9%	31.3M	Company
MSTU T-Rex 2X Long MSTR Daily Target ETF	46.1%	48.3%	30.9M	Fund
MARA MARA Holdings, Inc.	64.1%	63.2%	30.3M	Company
GPUS Hyperscale Data, Inc.	68.7%	73.8%	26.7M	Company
SOAR	55.2%	61.4%	26.3M	—
PCG Pacific Gas & Electric Co.	37.6%	31.8%	23.9M	Company
F Ford Motor Company	57.2%	59.6%	23.2M	Company
TSLG	52.5%	61.7%	22.8M	—
HL Hecla Mining Company	53.0%	47.3%	22.6M	Company
SMR NuScale Power Corporation Class A	51.4%	76.4%	22.3M	Company
NCPL	41.8%	52.6%	22.2M	—
SOFI SoFi Technologies, Inc.	38.5%	34.6%	22.1M	Company
BTBT Bit Digital, Inc. - Ordinary Share	39.9%	50.2%	21.8M	Company
RIG Transocean Ltd (Switzerland)	53.3%	70.8%	21.6M	Company
GRAB Grab Holdings Limited - Class A Ordinary Shares	41.4%	40.3%	21.5M	Company
TQQQ ProShares UltraPro QQQ	55.1%	56.0%	21.1M	Fund
CDE Coeur Mining, Inc.	48.4%	46.6%	21.0M	Company
SOXL Direxion Daily Semiconductor Bull 3X ETF	59.9%	60.6%	20.2M	Fund
QID ProShares UltraShort QQQ	59.9%	57.3%	19.4M	Fund
ETHA	53.5%	44.0%	19.4M	—
TSLA Tesla, Inc.	54.0%	59.9%	19.0M	Company
SOXS Direxion Daily Semiconductor Bear 3X ETF	39.3%	53.3%	18.9M	Fund
IBIT iShares Bitcoin Trust ETF	54.2%	46.6%	18.8M	Fund
SMCI Super Micro Computer, Inc.	46.6%	48.5%	18.5M	Company
BMNR	42.1%	53.1%	18.3M	—
KEEL Keel Infrastructure Corp.	38.0%	51.0%	18.3M	Company
OMH	38.6%	26.9%	18.0M	—
OPEN Opendoor Technologies Inc	46.5%	39.7%	17.9M	Company
SNAP Snap Inc. Class A	30.5%	32.5%	17.9M	Company
RITR	51.0%	42.6%	17.7M	—
NIO NIO Inc. American Preferred	44.5%	44.9%	17.7M	Company
LGCL	47.6%	63.0%	17.6M	—
IREN IREN Limited	44.8%	34.6%	17.6M	Company
BTG B2Gold Corp Common shares (Canada)	33.0%	35.5%	17.5M	Company
MRNA Moderna, Inc.	58.2%	61.1%	17.1M	Company
VALE VALE S.A. American Preferred	49.0%	59.1%	17.1M	Company
DAMD	45.1%	47.3%	17.0M	—
SQQQ ProShares UltraPro Short QQQ	51.8%	55.0%	17.0M	Fund
CIFR Cipher Digital Inc.	39.9%	29.1%	17.0M	Company
SOUN SoundHound AI, Inc.	48.4%	59.4%	16.9M	Company
SGOV iShares 0-3 Month Treasury Bond ETF	56.0%	53.8%	16.6M	Fund
DNN Denison Mines Corp Ordinary Shares (Canada)	44.5%	67.6%	16.0M	Company
MGN	36.5%	68.0%	16.0M	—
AUR Aurora Innovation, Inc.	57.9%	73.3%	15.9M	Company
JOBY Joby Aviation, Inc.	56.8%	48.2%	15.9M	Company
EOSE Eos Energy Enterprises, Inc.	53.3%	47.1%	15.5M	Company
AAPL Apple Inc.	49.1%	49.0%	15.5M	Company
ACHR Archer Aviation Inc. Class A	41.3%	40.1%	15.1M	Company
SCHD Schwab US Dividend Equity ETF	48.5%	41.4%	14.9M	Fund
SPDN Direxion Daily S&P 500 Bear 1X ETF	39.0%	46.0%	14.6M	Fund
PDSB	54.5%	67.2%	14.4M	—
HIVE HIVE Digital Technologies Ltd	33.4%	32.6%	13.9M	Company
HYG iShares iBoxx $ High Yield Corporate Bond ETF	50.9%	57.2%	13.9M	Fund
SNDQ	45.1%	33.1%	13.9M	—
MSTZ	51.9%	52.6%	13.7M	—
ABEV Ambev S.A. American Preferred	43.4%	63.5%	13.7M	Company
PFE Pfizer, Inc.	39.7%	50.6%	13.6M	Company
T AT&T Inc.	45.3%	48.5%	13.5M	Company
NKE Nike, Inc.	40.7%	55.0%	13.4M	Company
CAN Canaan Inc.	52.7%	51.1%	13.4M	Company
TRUG	46.1%	58.6%	13.4M	—
BTCT	60.3%	61.1%	13.4M	—
OTLK Outlook Therapeutics, Inc.	64.5%	65.9%	13.3M	Company
GCDT	34.6%	17.8%	13.2M	—
SPWR SunPower Inc.	57.6%	56.8%	13.0M	Company
KVUE Kenvue Inc.	43.7%	43.7%	13.0M	Company
AMZN Amazon.com, Inc.	29.0%	29.0%	13.0M	Company
WULF TeraWulf Inc.	42.4%	33.5%	12.9M	Company
SPY State Street SPDR S&P 500 ETF Trust	59.2%	64.7%	12.8M	Fund
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	53.3%	66.8%	12.6M	Fund
SPCH	49.8%	39.9%	12.6M	—
MU Micron Technology, Inc.	45.8%	39.2%	12.3M	Company
BBD Banco Bradesco Sa American Depositary Shares	53.5%	63.3%	12.1M	Company
PLTR Palantir Technologies Inc.	60.7%	57.9%	12.1M	Company
RZLV Rezolve AI PLC	56.5%	54.6%	12.0M	Company
MDXH	33.5%	23.8%	11.8M	—
PLTD	41.6%	36.5%	11.8M	—
AMC AMC Entertainment Holdings, Inc. Class A	34.6%	31.4%	11.7M	Company
TLT iShares 20+ Year Treasury Bond ETF	57.3%	49.0%	11.6M	Fund
PURR	33.9%	23.6%	11.6M	—
DRAM	35.3%	36.7%	11.5M	—
ORCL Oracle Corporation	36.0%	46.3%	11.4M	Company
GIPR	33.0%	26.8%	11.4M	—

Showing 100 securities trading at least 2 million shares a day, averaged over the stored sessions. Thinner names are excluded because a single block trade moves their ratio by tens of points.

Short volume is not short interest

These get used interchangeably and they measure different things.

Short interest is a position: shares borrowed and sold that have not yet been bought back. It is an outstanding balance, reported twice a month.
Short volume, which is what this page shows, counts transactions flagged short on the day they happen. A market maker who shorts to fill your buy order and buys it back four minutes later has added to short volume and created no short interest at all.

That is why the median sits near half. Most short volume is the mechanics of providing liquidity, not a view. A security at 55% is not "heavily shorted" in any sense a person means by that phrase.

So what is it good for

Read as market structure rather than sentiment, it is genuinely informative:

A high ratio in a very liquid name is a sign of heavy market-making and hedging flow. Large ETFs sit at the top of this list for exactly that reason, which is the clearest possible demonstration that the number is not bearishness.
A sharp move in a single security's ratio against its own recent average is more interesting than its level. That is a change in who is trading it and how.
A very low ratio usually means the security trades in ways that do not require intermediation — often closed-end funds or names where flow is one-directional.

Limits worth stating

FINRA members only. This covers off-exchange and reporting-facility volume from FINRA member firms, not every venue, so the ratio is not the whole market's.
Exempt volume is separate. Short-exempt trades (mostly market-maker and arbitrage activity under Reg SHO) are reported in their own column and are not included in the ratio here.
Daily files, not positions. Nothing here tells you how much stock is currently borrowed, what it costs to borrow, or how crowded a short is. Those are different datasets.

Where this comes from

FINRA publishes a Reg SHO daily short-sale volume file for every trading day, free and public. It is parsed here directly. The rest of the Markets section is on the Markets overview, and each ticker's own page is in the correlation finder.