Monthly roundup // FINRA short interest, settlements 2025-12-15 and 2025-12-31

Short interest in December 2025

At the December 31, 2025 settlement, FINRA’s file listed 21,202 securities with 46.91 billion shares held short, +1.7% against the November 28, 2025 month end. The largest single position among exchange-listed names was PLUG at 348.1M 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 2025-11-28 (21,195 rows), 2025-12-15 (21,107 rows) and 2025-12-31 (21,202 rows). The tables use the month-end settlement, 2025-12-31, and measure change against 2025-11-28. Read from the store 2026-11-03; short interest is published about seven business days after each settlement.

Largest short positions at 2025-12-31

By shares held short, among the 5,830 securities in the file with average daily volume of at least 100,000 shares that are not known to trade OTC (1,335 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 2025-12-31 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-12-31 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-12-31 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 2025-12-31 against settlement 2025-11-28 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	348.1M	84.9M	4.1	+3.6%
2	NVDA	NVIDIA Corporation Common Stoc	Nasdaq NM	256.8M	154.6M	1.7	+10.2%
3	GRAB	Grab Holdings Limited Class A	Nasdaq NM	192.0M	33.2M	5.8	-0.4%
4	F	Ford Motor Company	NYSE	186.5M	37.2M	5.0	+2.1%
5	RXRX	Recursion Pharmaceuticals, Inc	Nasdaq NM	165.7M	27.0M	6.1	+9.1%
6	NIO	NIO Inc. American depositary s	NYSE	159.0M	41.2M	3.9	-2.9%
7	ABEV	AMBEV S.A.	NYSE	154.7M	31.7M	4.9	+5.2%
8	RIVN	Rivian Automotive, Inc. Class	Nasdaq NM	154.1M	39.7M	3.9	+3.0%
9	MPW	name not recorded	not recorded	150.9M	5.8M	26.1	-1.2%
10	AUR	Aurora Innovation, Inc. Class	Nasdaq NM	144.0M	14.4M	10.0	-5.2%
11	TLT	iShares 20 Year Treasury Bond	Nasdaq NM	143.0M	31.0M	4.6	-0.6%
12	BYND	Beyond Meat, Inc. Common Stock	Nasdaq NM	139.9M	60.8M	2.3	+22.1%
13	INFY	Infosys Limited American Depos	NYSE	134.1M	22.9M	5.8	-10.7%
14	RIG	Transocean LTD.	NYSE	133.2M	27.6M	4.8	-7.3%
15	ASST	Strive, Inc. Class A Common St	Nasdaq NM	132.5M	57.8M	2.3	+48.9%
16	PFE	Pfizer Inc.	NYSE	130.0M	47.5M	2.7	-6.5%
17	IBRX	ImmunityBio, Inc. Common Stock	Nasdaq NM	120.6M	14.6M	8.3	+36.2%
18	IOVA	Iovance Biotherapeutics, Inc.	Nasdaq NM	119.1M	13.4M	8.9	+0.1%
19	VZ	Verizon Communications	NYSE	118.8M	20.7M	5.7	+3.9%
20	SOFI	SoFi Technologies, Inc. Common	Nasdaq NM	117.3M	33.6M	3.5	-0.6%

Longest days to cover at 2025-12-31

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 2025-12-31 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-12-31 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-12-31 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 2025-12-31 against settlement 2025-11-28 HowBoth positions are stored FINRA figures for the same symbol; the percent is (this minus that) over that. Open the source document →
1	SKIN	SkinHealth Systems Inc. Class	Nasdaq SC	16.7M	0.4M	39.1	-2.5%
2	IMO	Imperial Oil Limited	NYSE American	18.4M	0.5M	38.7	-7.3%
3	CHRS	Coherus Oncology, Inc. Common	Nasdaq NM	29.1M	0.8M	38.1	-1.9%
4	MPW	name not recorded	not recorded	150.9M	5.8M	26.1	-1.2%
5	NCMI	National CineMedia, Inc. Commo	Nasdaq NM	7.8M	0.3M	23.8	-0.9%
6	TRP	TC Energy Corporation	NYSE	51.2M	2.2M	23.8	+587.3%
7	FA	First Advantage Corporation Co	Nasdaq NM	12.1M	0.5M	22.7	-2.9%
8	TDAY	USA TODAY Co., Inc.	NYSE	18.8M	0.9M	20.9	+1.0%
9	INDI	indie Semiconductor, Inc. Clas	Nasdaq SC	50.1M	2.5M	20.2	-3.8%
10	HRTX	Heron Therapeutics, Inc. Commo	Nasdaq SC	34.1M	1.7M	19.9	-5.3%
11	WRAP	Wrap Technologies, Inc. Common	Nasdaq SC	6.2M	0.3M	18.8	+7.3%
12	SMMT	Summit Therapeutics Inc. Commo	Nasdaq NM	37.0M	2.0M	18.6	+14.4%
13	TGTX	TG Therapeutics, Inc. Common S	Nasdaq SC	25.6M	1.4M	18.3	+1.9%
14	SNDX	Syndax Pharmaceuticals, Inc. C	Nasdaq NM	22.6M	1.2M	18.2	-10.5%
15	NN	NextNav Inc. Common Stock	Nasdaq SC	16.7M	0.9M	18.2	-3.3%
16	OBE	Obsidian Energy Ltd.	NYSE American	6.2M	0.3M	18.1	+12.9%
17	KALV	name not recorded	not recorded	16.9M	0.9M	18.1	+17.2%
18	WB	Weibo Corporation American Dep	Nasdaq NM	13.1M	0.7M	17.9	-6.4%
19	OTEX	Open Text Corporation Common S	Nasdaq NM	9.6M	0.5M	17.7	-6.5%
20	LCTX	Lineage Cell Therapeutics, Inc	NYSE American	24.6M	1.4M	17.6	+7.9%

Largest increases from 2025-11-28 to 2025-12-31

Percent change in shares short, for positions of at least 1,000,000 shares at 2025-11-28 on names trading at least 300,000 shares a day. Of the 3,106 positions that clear both floors, 1,657 grew, 1,449 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 2025-12-31 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-12-31 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-12-31 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 2025-12-31 against settlement 2025-11-28 HowBoth positions are stored FINRA figures for the same symbol; the percent is (this minus that) over that. Open the source document →
1	TRP	TC Energy Corporation	NYSE	51.2M	2.2M	23.8	+587.3%
2	ALH	Alliance Laundry Holdings Inc.	NYSE	7.1M	1.8M	3.9	+485.5%
3	FER	Ferrovial N.V. Ordinary Shares	Nasdaq NM	6.4M	7.2M	0.9	+444.9%
4	PFSA	Profusa, Inc. Common Stock	Nasdaq SC	11.4M	87.1M	0.1	+440.8%
5	TOVX	Theriva Biologics, Inc.	NYSE American	12.2M	16.6M	0.7	+390.9%
6	NOW	SERVICENOW, INC.	NYSE	17.0M	10.4M	1.6	+357.3%
7	NTR	Nutrien Ltd. Common Shares	NYSE	18.0M	2.2M	8.2	+274.6%
8	NAVN	Navan, Inc. Class A Common Sto	Nasdaq NM	4.2M	3.1M	1.3	+253.6%
9	DVLT	Datavault AI Inc. Common Stock	Nasdaq SC	42.5M	85.0M	0.5	+243.3%
10	EMLC	VanEck J. P. Morgan EM Local C	NYSE Arca	5.7M	1.8M	3.1	+237.5%
11	PTRN	Pattern Group Inc. Series A Co	Nasdaq NM	3.4M	0.7M	5.0	+222.9%
12	MIAX	Miami International Holdings,	NYSE	4.0M	1.3M	3.1	+199.5%
13	VIA	Via Transportation, Inc.	NYSE	3.3M	0.9M	3.7	+193.1%
14	AXIA	AXIA Energia American Deposita	NYSE	5.1M	2.2M	2.3	+188.4%
15	TRX	TRX Gold Corporation	NYSE American	6.2M	1.6M	3.8	+188.4%

Largest decreases from 2025-11-28 to 2025-12-31

#	Symbol	Issue	Venue	Short shares ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldcurrentShortPositionQuantity As ofsettlement 2025-12-31 Open the source document →	Avg daily vol ⊙ EVIDENCE — filed/published fact SourceFINRA consolidated short interest, as stored by our ingest FieldaverageDailyVolumeQuantity As ofsettlement 2025-12-31 Open the source document →	Days to cover ⊙ INFERENCE — derived by arithmetic SourceShort shares divided by average daily volume, both FINRA fields As ofsettlement 2025-12-31 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 2025-12-31 against settlement 2025-11-28 HowBoth positions are stored FINRA figures for the same symbol; the percent is (this minus that) over that. Open the source document →
1	PCSA	Processa Pharmaceuticals, Inc.	Nasdaq SC	0.1M	4.1M	0.0	-98.2%
2	CHR	Cheer Holding, Inc. Class A Or	Nasdaq SC	0.1M	0.4M	0.3	-97.7%
3	RUBI	Rubico Inc. Common Stock	Nasdaq SC	0.2M	0.6M	0.3	-96.5%
4	MBRX	Moleculin Biotech, Inc. Common	Nasdaq SC	0.2M	0.6M	0.3	-95.5%
5	ARBK	Argo Blockchain plc American D	Nasdaq SC	0.1M	0.3M	0.2	-95.1%
6	CTA	Simplify Managed Futures Strat	NYSE Arca	0.1M	0.4M	0.3	-94.6%
7	AZI	Autozi Internet Technology (Gl	Nasdaq SC	0.2M	16.5M	0.0	-94.1%
8	ULTY	YieldMax Ultra Option Income S	NYSE Arca	1.9M	0.8M	2.5	-93.6%
9	DAPP	VanEck Digital Transformation	Nasdaq NM	0.2M	0.8M	0.2	-93.2%
10	FALN	iShares Trust iShares Fallen A	Nasdaq NM	0.1M	0.5M	0.2	-93.1%
11	FNDF	Schwab Fundamental Internation	NYSE Arca	0.1M	1.9M	0.1	-92.5%
12	NOBL	ProShares S&P 500 Dividend Ari	Cboe BZX	0.1M	0.5M	0.3	-91.6%
13	FURY	Fury Gold Mines Limited	NYSE American	0.1M	0.5M	0.2	-90.6%
14	IONZ	Tidal Trust II Defiance Daily	Nasdaq NM	0.1M	1.8M	0.1	-90.5%
15	BENF	Beneficient Class A Common Sto	Nasdaq SC	0.1M	0.3M	0.4	-90.4%

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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