Monthly roundup // FINRA short interest, settlements 2025-09-15 and 2025-09-30

Short interest in September 2025

At the September 30, 2025 settlement, FINRA’s file listed 20,835 securities with 45.38 billion shares held short, +1.4% against the August 29, 2025 month end. The largest single position among exchange-listed names was PLUG at 383.8M shares. This is the measured record of one month, not a list of ideas: nothing here says what anyone should do with a security.

What this page reads. Our stored copy of FINRA’s consolidated short interest files for the settlements 2025-08-29 (20,625 rows), 2025-09-15 (20,685 rows) and 2025-09-30 (20,835 rows). The tables use the month-end settlement, 2025-09-30, and measure change against 2025-08-29. Read from the store 2026-11-03; short interest is published about seven business days after each settlement.

Largest short positions at 2025-09-30

By shares held short, among the 5,860 securities in the file with average daily volume of at least 100,000 shares that are not known to trade OTC (1,319 OTC rows left out). Shares, not percent of float: FINRA publishes no float, and a large company carries a large position.

#	Symbol	Issue	Venue	Short shares ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldcurrentShortPositionQuantity As ofsettlement 2025-09-30 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-09-30 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-09-30 HowFINRA's own days-to-cover field is floored at 1.00, so the ratio is computed from its two published operands instead. Open the source document →	Change ⊙ INFERENCE — derived by arithmetic SourceShort shares at this settlement against the previous month end As ofsettlement 2025-09-30 against settlement 2025-08-29 HowBoth positions are stored FINRA figures for the same symbol; the percent is (this minus that) over that. Open the source document →
1	PLUG	Plug Power, Inc. Common Stock	Nasdaq SC	383.8M	152.4M	2.5	+9.9%
2	NVDA	NVIDIA Corporation Common Stoc	Nasdaq NM	226.8M	194.7M	1.2	+15.3%
3	GRAB	Grab Holdings Limited Class A	Nasdaq NM	196.3M	68.3M	2.9	+10.3%
4	INFY	Infosys Limited American Depos	NYSE	184.8M	21.0M	8.8	-1.7%
5	F	Ford Motor Company	NYSE	173.5M	69.7M	2.5	+5.6%
6	NIO	NIO Inc. American depositary s	NYSE	171.6M	95.8M	1.8	-10.3%
7	RIVN	Rivian Automotive, Inc. Class	Nasdaq NM	160.0M	52.6M	3.0	+3.6%
8	MPW	name not recorded	not recorded	158.4M	9.9M	16.0	-4.7%
9	RIG	Transocean LTD.	NYSE	155.1M	58.5M	2.7	+11.4%
10	OPEN	Opendoor Technologies Inc Comm	Nasdaq NM	150.7M	291.8M	0.5	-10.1%
11	RXRX	Recursion Pharmaceuticals, Inc	Nasdaq NM	133.4M	35.9M	3.7	+7.5%
12	TLRY	Tilray Brands, Inc. Common Sto	Nasdaq NM	132.8M	83.1M	1.6	-18.0%
13	RKT	Rocket Companies, Inc.	NYSE	129.9M	24.4M	5.3	+10.2%
14	TLT	iShares 20 Year Treasury Bond	Nasdaq NM	129.9M	34.1M	3.8	+4.5%
15	AUR	Aurora Innovation, Inc. Class	Nasdaq NM	125.6M	16.0M	7.8	-1.0%
16	INTC	Intel Corporation Common Stock	Nasdaq NM	121.8M	192.5M	0.6	+13.2%
17	SOUN	SoundHound AI, Inc Class A Com	Nasdaq NM	117.3M	74.4M	1.6	-2.3%
18	SPY	State Street SPDR S&P 500 ETF	NYSE Arca	114.2M	80.9M	1.4	+0.6%
19	PFE	Pfizer Inc.	NYSE	114.0M	60.5M	1.9	+10.1%
20	BAC	Bank of America Corporation	NYSE	113.3M	34.9M	3.2	+15.8%

Longest days to cover at 2025-09-30

Short shares divided by FINRA’s average daily volume, for names trading at least 300,000 shares a day. The floor is the one the short squeeze screener uses.

#	Symbol	Issue	Venue	Short shares ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldcurrentShortPositionQuantity As ofsettlement 2025-09-30 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-09-30 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-09-30 HowFINRA's own days-to-cover field is floored at 1.00, so the ratio is computed from its two published operands instead. Open the source document →	Change ⊙ INFERENCE — derived by arithmetic SourceShort shares at this settlement against the previous month end As ofsettlement 2025-09-30 against settlement 2025-08-29 HowBoth positions are stored FINRA figures for the same symbol; the percent is (this minus that) over that. Open the source document →
1	IMO	Imperial Oil Limited	NYSE American	17.3M	0.4M	44.5	-1.6%
2	IMCR	Immunocore Holdings plc Americ	Nasdaq NM	8.4M	0.3M	26.5	-4.2%
3	AVXL	Anavex Life Sciences Corp. Com	Nasdaq NM	25.1M	1.0M	26.1	-1.6%
4	TRP	TC Energy Corporation	NYSE	57.5M	2.2M	25.9	+286.3%
5	IEP	Icahn Enterprises, L.P. Common	Nasdaq NM	13.2M	0.6M	23.7	+7.1%
6	FLWS	1-800-FLOWERS.COM, Inc. Common	Nasdaq NM	11.2M	0.5M	20.8	+3.0%
7	CRDF	Cardiff Oncology, Inc. Common	Nasdaq SC	15.2M	0.7M	20.4	-4.6%
8	SKIN	SkinHealth Systems Inc. Class	Nasdaq SC	17.4M	0.9M	20.1	+11.5%
9	CHRS	Coherus Oncology, Inc. Common	Nasdaq NM	31.1M	1.6M	19.9	-2.5%
10	PCT	PureCycle Technologies, Inc. C	Nasdaq SC	38.0M	2.0M	19.2	+7.1%
11	HRTX	Heron Therapeutics, Inc. Commo	Nasdaq SC	34.4M	1.8M	19.1	+6.1%
12	ABR	Arbor Realty Trust, Inc.	NYSE	47.0M	2.5M	18.9	-4.2%
13	NCMI	National CineMedia, Inc. Commo	Nasdaq NM	7.6M	0.4M	18.5	+3.6%
14	CLM	Cornerstone Strategic Investme	NYSE American	21.1M	1.2M	18.3	+6.4%
15	VYX	NCR Voyix Corporation	NYSE	20.5M	1.1M	18.3	+5.5%
16	SYRE	Spyre Therapeutics, Inc. Commo	Nasdaq NM	14.5M	0.8M	18.2	+2.6%
17	CRF	Cornerstone Total Return Fund,	NYSE American	12.3M	0.7M	17.8	+10.3%
18	PRA	name not recorded	not recorded	5.8M	0.3M	17.5	+1.2%
19	APGE	Apogee Therapeutics, Inc. Comm	Nasdaq NM	9.4M	0.6M	17.2	+2.7%
20	AVBP	ArriVent BioPharma, Inc. Commo	Nasdaq NM	6.8M	0.4M	17.1	-0.2%

Largest increases from 2025-08-29 to 2025-09-30

Percent change in shares short, for positions of at least 1,000,000 shares at 2025-08-29 on names trading at least 300,000 shares a day. Of the 3,089 positions that clear both floors, 1,700 grew, 1,389 shrank and 0 did not change.

#	Symbol	Issue	Venue	Short shares ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldcurrentShortPositionQuantity As ofsettlement 2025-09-30 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-09-30 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-09-30 HowFINRA's own days-to-cover field is floored at 1.00, so the ratio is computed from its two published operands instead. Open the source document →	Change ⊙ INFERENCE — derived by arithmetic SourceShort shares at this settlement against the previous month end As ofsettlement 2025-09-30 against settlement 2025-08-29 HowBoth positions are stored FINRA figures for the same symbol; the percent is (this minus that) over that. Open the source document →
1	ETHZ	name not recorded	not recorded	9.3M	10.5M	0.9	+758.4%
2	DVLT	Datavault AI Inc. Common Stock	Nasdaq SC	44.8M	175.8M	0.3	+558.1%
3	NAKA	Nakamoto Inc. Common Stock	Nasdaq NM	9.6M	33.7M	0.3	+555.0%
4	ATCH	AtlasClear Holdings, Inc.	NYSE American	5.9M	137.0M	0.0	+363.1%
5	PEPG	PepGen Inc. Common Stock	Nasdaq NM	5.2M	16.1M	0.3	+356.1%
6	ADTN	ADTRAN Holdings, Inc. Common S	Nasdaq NM	6.6M	3.7M	1.8	+312.0%
7	TRP	TC Energy Corporation	NYSE	57.5M	2.2M	25.9	+286.3%
8	ODV	Osisko Development Corp.	NYSE	5.9M	1.4M	4.2	+282.3%
9	EZU	iShare MSCI Eurozone ETF of IS	Cboe BZX	5.6M	2.4M	2.3	+280.0%
10	PSTV	PLUS THERAPEUTICS, Inc. Common	Nasdaq SC	16.7M	62.3M	0.3	+258.4%
11	AIYY	YieldMax AI Option Income Stra	NYSE Arca	5.5M	1.6M	3.3	+245.8%
12	IMRX	Immuneering Corporation Class	Nasdaq NM	6.3M	4.5M	1.4	+243.0%
13	ASST	Strive, Inc. Class A Common St	Nasdaq NM	21.1M	15.3M	1.4	+229.4%
14	SPDW	State Street SPDR Portfolio De	NYSE Arca	6.9M	4.6M	1.5	+228.5%
15	UPXI	Upexi, Inc. Common Stock	Nasdaq SC	15.5M	5.3M	2.9	+185.6%

Largest decreases from 2025-08-29 to 2025-09-30

#	Symbol	Issue	Venue	Short shares ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldcurrentShortPositionQuantity As ofsettlement 2025-09-30 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-09-30 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-09-30 HowFINRA's own days-to-cover field is floored at 1.00, so the ratio is computed from its two published operands instead. Open the source document →	Change ⊙ INFERENCE — derived by arithmetic SourceShort shares at this settlement against the previous month end As ofsettlement 2025-09-30 against settlement 2025-08-29 HowBoth positions are stored FINRA figures for the same symbol; the percent is (this minus that) over that. Open the source document →
1	RAYA	Erayak Power Solution Group In	Nasdaq SC	0.1M	0.4M	0.2	-99.6%
2	SGBX	name not recorded	not recorded	0.1M	0.3M	0.3	-98.7%
3	JPST	JPMorgan Ultra-Short Income ET	NYSE Arca	0.1M	6.1M	0.0	-98.4%
4	WAI	Top KingWin Ltd Class A Ordina	Nasdaq SC	0.1M	2.3M	0.1	-96.4%
5	VOR	Vor Biopharma Inc. Common Stoc	Nasdaq NM	1.3M	0.5M	3.0	-93.2%
6	WOLF	Wolfspeed, Inc.	NYSE	3.3M	6.6M	0.5	-92.4%
7	PWZ	Invesco California AMT-Free Mu	NYSE Arca	0.1M	0.3M	0.3	-92.3%
8	SQNS	Sequans Communications S.A. Am	NYSE	0.5M	0.7M	0.7	-91.4%
9	LCID	Lucid Group, Inc. Common Stock	Nasdaq NM	39.3M	9.6M	4.1	-89.8%
10	FAZ	Direxion Daily Financial Bear	NYSE Arca	0.2M	2.3M	0.1	-88.2%
11	BABX	GraniteShares ETF Trust Granit	Nasdaq NM	0.1M	1.6M	0.1	-88.0%
12	LABD	Direxion Daily S&P Biotech Bea	NYSE Arca	0.1M	1.7M	0.1	-87.6%
13	SPXS	Direxion Daily S&P 500 Bear 3x	NYSE Arca	1.5M	3.8M	0.4	-86.6%
14	ALLR	Allarity Therapeutics, Inc. Co	Nasdaq SC	0.5M	0.7M	0.6	-85.6%
15	RAY	Raytech Holding Limited Ordina	Nasdaq SC	0.6M	1.2M	0.5	-83.9%

How to read a month of short interest

A short position is a count of borrowed shares sold and not yet bought back, reported by brokers twice a month. A large count can be a hedge against a convertible bond, an index arbitrage leg or a pair trade, so the tables show size and change, never intent. Days to cover says how many average sessions of volume the position equals; it is a ratio, not a forecast of a squeeze.

The change tables compare share counts, so a corporate action moves them as surely as trading does. A reverse split shrinks a position without anyone buying shares back, and a spin-off or merger can add one overnight. Before reading a large change as a decision by short sellers, check the company’s filings for the same weeks.

Names and venues come from the FINRA rows themselves. Rows stored before August 2026 carry neither, so they are read from the newest stored row for the same symbol; where no such row exists the table says the venue is not recorded instead of guessing it.

FINRA is the owner and source of this short interest and short sale volume data. Free on every plan; not for redistribution.

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