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
CHGA	19.8%	16.6%	4.6M	—
HDB HDFC Bank Limited	25.4%	48.8%	3.3M	Company
PG The Procter & Gamble Company	25.8%	20.1%	2.9M	Company
WBD Warner Bros. Discovery, Inc. - Series A	27.0%	21.5%	6.6M	Company
ATAI AtaiBeckley Inc.	27.1%	21.3%	4.3M	Company
KNRX	27.6%	15.6%	3.1M	—
AES The AES Corporation	27.7%	50.2%	3.6M	Company
PASW	29.0%	9.5%	8.5M	—
AMZN Amazon.com, Inc.	29.0%	29.0%	13.0M	Company
ESI Element Solutions Inc.	29.1%	25.4%	2.0M	Company
MSOS AdvisorShares Pure US Cannabis ETF	29.6%	37.2%	2.4M	Fund
CHYM	29.7%	31.4%	2.6M	—
CVS CVS Health Corporation	29.8%	34.8%	2.2M	Company
CHAI	30.0%	31.9%	10.4M	—
TGB Trekor Metals Limited	30.4%	42.2%	2.0M	Company
SNAP Snap Inc. Class A	30.5%	32.5%	17.9M	Company
ET Energy Transfer LP Common Units	30.7%	31.9%	4.1M	Company
GOOG Alphabet Inc. - Class C Capital Stock	30.9%	28.1%	5.1M	Company
CLGN	31.7%	20.9%	6.6M	—
BB BlackBerry Limited	31.7%	38.0%	3.8M	Company
TJX The TJX Companies, Inc.	31.8%	41.0%	3.1M	Company
AVGO Broadcom Inc.	32.0%	37.1%	9.5M	Company
RBLX Roblox Corporation Class A	32.0%	35.8%	3.8M	Company
CX Cemex, S.A.B. de C.V. Sponsored ADR	32.2%	69.2%	2.1M	Company
FLYE	32.8%	34.9%	2.3M	—
BTDR Bitdeer Technologies Group	32.8%	34.8%	5.8M	Company
AS Amer Sports, Inc. Ordinary Shares	32.9%	32.3%	3.6M	Company
BTG B2Gold Corp Common shares (Canada)	33.0%	35.5%	17.5M	Company
GIPR	33.0%	26.8%	11.4M	—
NOK Nokia Corporation Sponsored American Depositary Shares	33.1%	39.9%	31.3M	Company
INO Inovio Pharmaceuticals, Inc.	33.3%	34.0%	2.2M	Company
DBRG DigitalBridge Group, Inc.	33.4%	6.6%	2.1M	Company
HIVE HIVE Digital Technologies Ltd	33.4%	32.6%	13.9M	Company
MDXH	33.5%	23.8%	11.8M	—
PURR	33.9%	23.6%	11.6M	—
HOWL	34.0%	40.4%	8.5M	—
HKPD	34.0%	27.6%	2.5M	—
OLB	34.1%	33.0%	4.3M	—
CPNG Coupang, Inc. Class A	34.1%	43.9%	5.0M	Company
PBR Petroleo Brasileiro S.A. Petrobras ADS	34.4%	31.2%	10.7M	Company
META Meta Platforms, Inc.	34.4%	36.0%	7.3M	Company
AMC AMC Entertainment Holdings, Inc. Class A	34.6%	31.4%	11.7M	Company
FPS	34.6%	46.7%	2.3M	—
GCDT	34.6%	17.8%	13.2M	—
AMAT Applied Materials, Inc.	34.8%	43.2%	2.3M	Company
TWO	34.8%	9.4%	2.3M	—
PSLV Sprott Physical Silver Trust ETV	35.0%	18.2%	3.4M	Fund
ATER	35.0%	22.8%	3.5M	—
BTCZ	35.1%	32.8%	7.3M	—
STM STMicroelectronics N.V.	35.1%	40.7%	2.0M	Company
SNYR	35.2%	27.2%	9.8M	—
DRAM	35.3%	36.7%	11.5M	—
BP BP p.l.c.	35.9%	27.5%	3.5M	Company
IPDN	36.0%	35.3%	10.0M	—
ORCL Oracle Corporation	36.0%	46.3%	11.4M	Company
MDT Medtronic plc. Ordinary Shares	36.2%	43.4%	2.9M	Company
SOC Sable Offshore Corp.	36.3%	26.3%	3.9M	Company
SLXN	36.4%	34.5%	2.3M	—
SLNH Soluna Holdings, Inc.	36.4%	44.2%	5.3M	Company
MGN	36.5%	68.0%	16.0M	—
CYAB	36.5%	66.2%	6.5M	—
SMCX Defiance Daily Target 2X Long SMCI ETF	36.5%	23.4%	2.4M	Fund
NVTS Navitas Semiconductor Corporation	36.5%	26.0%	5.7M	Company
VEA Vanguard FTSE Developed Markets ETF	36.5%	35.3%	5.1M	Fund
GOOGL Alphabet Inc.	36.6%	24.2%	7.9M	Company
VG	36.7%	41.6%	6.0M	—
TNMG	37.0%	24.8%	3.1M	—
C Citigroup, Inc.	37.0%	37.1%	2.4M	Company
MSTR Strategy Inc	37.2%	30.0%	11.0M	Company
VZ Verizon Communications Inc.	37.4%	51.0%	6.2M	Company
UFG	37.5%	53.2%	2.6M	—
TTD The Trade Desk, Inc.	37.5%	29.5%	7.5M	Company
PCG Pacific Gas & Electric Co.	37.6%	31.8%	23.9M	Company
S SentinelOne, Inc. Class A	37.8%	38.7%	3.0M	Company
NUAI	37.8%	30.3%	3.0M	—
TMC TMC the metals company Inc.	37.9%	40.7%	3.7M	Company
APH Amphenol Corporation	37.9%	42.4%	2.9M	Company
AXTI AXT Inc	37.9%	47.1%	3.5M	Company
KO The Coca-Cola Company	38.0%	41.2%	4.2M	Company
KEEL Keel Infrastructure Corp.	38.0%	51.0%	18.3M	Company
MNST Monster Beverage Corporation	38.2%	51.7%	2.8M	Company
TSDD GraniteShares 2x Short TSLA Daily ETF	38.2%	45.4%	2.6M	Fund
BULL	38.5%	48.0%	8.0M	—
SOFI SoFi Technologies, Inc.	38.5%	34.6%	22.1M	Company
OMH	38.6%	26.9%	18.0M	—
NVDA NVIDIA Corporation	38.7%	37.9%	51.0M	Company
CELH Celsius Holdings, Inc.	38.8%	36.5%	4.0M	Company
SKDD	38.8%	26.1%	2.3M	—
MMA	38.8%	60.6%	11.2M	—
KLAC KLA Corporation	38.8%	33.1%	2.5M	Company
GOF Guggenheim Strategic Opportunities Fund Common Shares of Beneficial…	38.8%	23.8%	2.1M	Company
CVX Chevron Corporation	38.8%	40.8%	2.6M	Company
UZX	38.9%	49.8%	2.1M	—
RGTZ	38.9%	32.7%	2.2M	—
BKR Baker Hughes Company	38.9%	24.1%	2.1M	Company
SPDN Direxion Daily S&P 500 Bear 1X ETF	39.0%	46.0%	14.6M	Fund
PDI PIMCO Dynamic Income Fund	39.2%	32.1%	2.7M	Company
SOXS Direxion Daily Semiconductor Bear 3X ETF	39.3%	53.3%	18.9M	Fund
LAC Lithium Americas Corp.	39.4%	42.1%	5.2M	Company
RAM	39.6%	33.5%	5.1M	—

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.