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
SCHO Schwab Short-Term U.S. Treasury ETF	71.7%	68.3%	7.4M	Fund
RF Regions Financial Corporation	71.4%	79.7%	3.0M	Company
SPTS State Street SPDR Portfolio Short Term Treasury ETF	70.1%	37.1%	3.2M	Fund
VXUS Vanguard Total International Stock ETF	70.1%	67.0%	3.2M	Fund
KHC The Kraft Heinz Company	69.3%	59.2%	6.8M	Company
SCHH Schwab U.S. REIT ETF	69.0%	62.8%	3.0M	Fund
AVLV Avantis U.S. Large Cap Value ETF	68.9%	52.9%	2.3M	Fund
FXI iShares China Large-Cap ETF	68.9%	67.3%	3.8M	Fund
KRE State Street SPDR S&P Regional Banking ETF	68.8%	64.1%	3.3M	Fund
GPUS Hyperscale Data, Inc.	68.7%	73.8%	26.7M	Company
XBI State Street SPDR S&P Biotech ETF	67.3%	53.9%	2.8M	Fund
HPQ HP Inc.	67.2%	52.9%	5.4M	Company
SCHE Schwab Emerging Markets Equity ETF	67.0%	59.2%	2.1M	Fund
VGSH Vanguard Short-Term Treasury ETF	67.0%	54.7%	5.9M	Fund
SES SES AI Corporation Class A	67.0%	67.6%	10.0M	Company
VERI Veritone, Inc.	66.7%	63.0%	3.2M	Company
HDV iShares Core High Dividend ETF	66.3%	45.8%	2.0M	Fund
SCHB Schwab U.S. Broad Market ETF	66.2%	63.7%	3.5M	Fund
IUSB iShares Core Universal USD Bond ETF	65.8%	56.9%	2.2M	Fund
MVST Microvast Holdings, Inc.	65.8%	67.8%	5.0M	Company
VBIL	65.8%	66.9%	2.1M	—
SBS Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American…	65.4%	71.4%	4.1M	Company
UMC United Microelectronics Corporation (NEW)	65.4%	71.3%	2.6M	Company
SCHF Schwab International Equity ETF	65.3%	66.3%	4.5M	Fund
XE	65.1%	74.9%	3.0M	—
LCID Lucid Group, Inc.	65.1%	57.8%	5.4M	Company
RDDT Reddit, Inc. Class A	64.9%	66.7%	2.6M	Company
OTLK Outlook Therapeutics, Inc.	64.5%	65.9%	13.3M	Company
VLY Valley National Bancorp	64.5%	57.4%	2.3M	Company
SCHX Schwab U.S. Large-Cap ETF	64.2%	61.1%	3.8M	Fund
VISN	64.2%	52.3%	3.1M	—
NTSK	64.1%	76.2%	2.1M	—
MARA MARA Holdings, Inc.	64.1%	63.2%	30.3M	Company
IEFA iShares Core MSCI EAFE ETF	64.0%	62.9%	3.7M	Fund
DT Dynatrace, Inc.	63.7%	60.1%	2.6M	Company
SCHG Schwab U.S. Large-Cap Growth ETF	63.6%	58.9%	4.4M	Fund
STLA Stellantis N.V.	63.6%	61.0%	8.9M	Company
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	63.6%	66.8%	2.4M	Fund
FRVO	63.4%	68.8%	3.5M	—
SHLS Shoals Technologies Group, Inc.	63.3%	68.1%	2.2M	Company
GIS General Mills, Inc.	63.3%	60.4%	3.3M	Company
LUMN Lumen Technologies, Inc.	63.3%	53.2%	5.1M	Company
SPYM State Street SPDR Portfolio S&P 500 ETF	63.1%	62.9%	4.5M	Fund
DVLT Datavault AI Inc.	63.1%	70.2%	37.0M	Company
GAP The Gap, Inc.	63.0%	68.4%	3.3M	Company
AKBA Akebia Therapeutics, Inc.	62.9%	74.2%	6.8M	Company
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF	62.8%	70.3%	5.0M	Fund
FLO Flowers Foods, Inc.	62.7%	57.6%	3.4M	Company
RSP Invesco S&P 500 Equal Weight ETF	62.6%	50.2%	2.3M	Fund
FSLY Fastly, Inc.	62.6%	61.8%	2.0M	Company
EFA iShares MSCI EAFE ETF	62.5%	70.0%	2.5M	Fund
BBWI Bath & Body Works, Inc.	62.5%	53.7%	2.7M	Company
KEY KeyCorp	62.5%	55.3%	4.4M	Company
RGTI Rigetti Computing, Inc.	62.5%	64.8%	7.4M	Company
XLP State Street Consumer Staples Select Sector SPDR ETF	62.4%	65.4%	2.8M	Fund
HIMS Hims & Hers Health, Inc. Class A	62.4%	64.8%	4.8M	Company
CPB The Campbell's Company	62.3%	51.4%	3.7M	Company
LYFT Lyft, Inc.	62.2%	65.7%	4.1M	Company
XLI State Street Industrial Select Sector SPDR ETF	62.2%	66.9%	2.6M	Fund
HUMA Humacyte, Inc.	62.0%	64.5%	6.2M	Company
JBLU JetBlue Airways Corporation	62.0%	63.7%	11.3M	Company
MPT Medical Properties Trust, Inc.	61.9%	55.3%	3.6M	Company
XLV State Street Health Care Select Sector SPDR ETF	61.9%	56.2%	2.6M	Fund
IVVD Invivyd, Inc.	61.8%	68.2%	2.6M	Company
XLU State Street Utilities Select Sector SPDR ETF	61.7%	58.8%	6.4M	Fund
SPTL State Street SPDR Portfolio Long Term Treasury ETF	61.5%	66.9%	3.2M	Fund
SLS SELLAS Life Sciences Group, Inc.	61.5%	53.0%	4.1M	Company
AIXI XIAO-I Corporation	61.4%	62.9%	3.4M	Company
LAES SEALSQ Corp	61.4%	57.6%	4.6M	Company
EXC Exelon Corporation	61.3%	47.2%	2.0M	Company
BND Vanguard Total Bond Market ETF	61.3%	50.5%	5.4M	Fund
DAL Delta Air Lines, Inc.	61.3%	59.8%	2.0M	Company
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	61.0%	57.2%	3.6M	Fund
M Macy's Inc	61.0%	64.1%	2.3M	Company
SPHY State Street SPDR Portfolio High Yield Bond ETF	61.0%	54.9%	2.3M	Fund
XLB State Street Materials Select Sector SPDR ETF	61.0%	51.1%	2.9M	Fund
REET iShares Global REIT ETF	61.0%	62.6%	2.2M	Fund
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF	61.0%	55.9%	2.1M	Fund
GOSS Gossamer Bio, Inc.	60.8%	72.4%	10.8M	Company
ARRY Array Technologies, Inc.	60.8%	64.6%	2.3M	Company
PLTR Palantir Technologies Inc.	60.7%	57.9%	12.1M	Company
SERV Serve Robotics Inc.	60.6%	53.1%	2.0M	Company
ASTS AST SpaceMobile, Inc.	60.6%	68.4%	4.1M	Company
QUBT Quantum Computing Inc.	60.5%	54.7%	2.7M	Company
CNH CNH Industrial N.V.	60.5%	61.6%	9.4M	Company
VOO Vanguard S&P 500 ETF	60.5%	61.2%	2.4M	Fund
UEC Uranium Energy Corp.	60.5%	61.8%	3.9M	Company
LX LexinFintech Holdings Ltd.	60.4%	52.5%	3.8M	Company
EVTL Vertical Aerospace Ltd. Ordinary Shares	60.4%	66.3%	3.4M	Company
BTCT	60.3%	61.1%	13.4M	—
RCAT Red Cat Holdings, Inc.	60.2%	69.8%	3.3M	Company
DKS Dick's Sporting Goods Inc	60.2%	61.4%	2.6M	Company
IWM iShares Russell 2000 Index Fund	60.2%	56.0%	6.5M	Fund
NUVB Nuvation Bio Inc. Class A	60.1%	64.4%	2.4M	Company
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	60.0%	61.8%	3.0M	Fund
BTAI	60.0%	63.3%	7.3M	—
WU The Western Union Company	60.0%	71.6%	3.2M	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
EWZ iShares MSCI Brazil ETF	59.8%	57.0%	6.9M	Fund

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.