TON Strategy (TONX)
TON Strategy on one page: short interest, daily short volume, fails to deliver, planned sales, large holders, 13F holders, earnings dates and insider trades. Listed on Nasdaq.
2.9M
Short interest
settlement 2026-10-15
14.3
Days to cover
+7.4 days vs prior
68.2%
Short share of volume
2026-11-02
981
Fails to deliver
settlement 2026-10-08
Wed 11 Nov
Next earnings
estimated date
-$620K
Insider flow, 90 days
3 buys, 2 sells
As of 2026-11-02.
Short interest
FINRA, twice a month. The newest 27 settlements in the table, 27 in the chart. JSONAs of 15 October 2026, short interest in TONX is 2,895,324 shares, down 355,095 shares over the last month. Over the last 27 readings it ranged from 181,566 shares (15 September 2025) to 3,250,419 shares (15 September 2026). At the reported average volume of 202K shares a day that is 14.3 days to cover.
Embed this chart.The embed keeps its attribution line.
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| Settlement | Shares short | Change | Avg daily volume | Days to cover |
|---|---|---|---|---|
| 2026-10-15 | 2,895,324 | +1.1% | 202,394 | 14.31 |
| 2026-09-30 | 2,862,566 | -11.9% | 411,297 | 6.96 |
| 2026-09-15 | 3,250,419 | +6.4% | 376,064 | 8.64 |
| 2026-08-31 | 3,055,007 | +16.9% | 307,582 | 9.93 |
| 2026-08-14 | 2,614,309 | -6.5% | 364,952 | 7.16 |
| 2026-07-31 | 2,795,237 | -3.4% | 265,606 | 10.52 |
| 2026-07-15 | 2,894,251 | -0.1% | 695,229 | 4.16 |
| 2026-06-30 | 2,896,141 | +9.1% | 333,511 | 8.68 |
| 2026-06-15 | 2,654,713 | +6.2% | 279,626 | 9.49 |
| 2026-05-29 | 2,499,822 | -0.6% | 414,371 | 6.03 |
| 2026-05-15 | 2,515,274 | -14.0% | 727,759 | 3.46 |
| 2026-04-30 | 2,925,281 | -0.8% | 277,239 | 10.55 |
| 2026-04-15 | 2,948,697 | +5.2% | 350,728 | 8.41 |
| 2026-03-31 | 2,804,006 | +12.0% | 505,633 | 5.55 |
| 2026-03-13 | 2,503,753 | +11.4% | 401,897 | 6.23 |
| 2026-02-27 | 2,247,872 | +22.3% | 254,710 | 8.83 |
| 2026-02-13 | 1,837,837 | +0.3% | 489,923 | 3.75 |
| 2026-01-30 | 1,832,166 | -1.2% | 341,676 | 5.36 |
| 2026-01-15 | 1,854,143 | +9.2% | 686,455 | 2.70 |
| 2025-12-31 | 1,698,198 | +13.5% | 542,635 | 3.13 |
| 2025-12-15 | 1,496,532 | -7.8% | 563,814 | 2.65 |
| 2025-11-28 | 1,623,351 | +91.6% | 855,347 | 1.90 |
| 2025-11-14 | 847,430 | +50.9% | 600,851 | 1.41 |
| 2025-10-31 | 561,454 | +51.8% | 617,993 | 1.00 |
| 2025-10-15 | 369,932 | -45.6% | 875,838 | 1.00 |
| 2025-09-30 | 680,618 | +274.9% | 1,275,495 | 1.00 |
| 2025-09-15 | 181,566 | -41.6% | 662,692 | 1.00 |
Daily short volume
FINRA Reg SHO, the last 30 sessions. JSONAs of 2 November 2026, the short share of TONX volume is 68.2%, up 22.0 points over the last five sessions. Over the last 30 readings it ranged from 27.2% (22 September 2026) to 83.5% (14 October 2026). The latest reading is 16.9 points above the 30-session average of 51.4%, on 65K shares reported.
| Date | Short volume | Total volume | Short share | Exempt |
|---|---|---|---|---|
| 2026-11-02 | 45K | 65K | 68.2% | 189 |
| 2026-10-30 | 102K | 149K | 68.4% | 3,810 |
| 2026-10-29 | 50K | 101K | 49.5% | 0 |
| 2026-10-28 | 34K | 71K | 47.2% | 0 |
| 2026-10-27 | 91K | 160K | 56.4% | 0 |
| 2026-10-26 | 22K | 48K | 46.2% | 0 |
| 2026-10-23 | 21K | 52K | 40.6% | 0 |
| 2026-10-22 | 18K | 27K | 67.3% | 0 |
| 2026-10-21 | 50K | 89K | 56.0% | 0 |
| 2026-10-20 | 28K | 43K | 64.9% | 0 |
| 2026-10-19 | 27K | 54K | 50.1% | 0 |
| 2026-10-16 | 23K | 61K | 37.6% | 0 |
| 2026-10-15 | 108K | 182K | 59.5% | 0 |
| 2026-10-14 | 69K | 83K | 83.5% | 0 |
| 2026-10-13 | 37K | 57K | 65.7% | 0 |
| 2026-10-12 | 36K | 66K | 54.2% | 2,100 |
| 2026-10-09 | 40K | 55K | 73.1% | 0 |
| 2026-10-08 | 49K | 106K | 45.9% | 976 |
| 2026-10-07 | 61K | 105K | 58.3% | 0 |
| 2026-10-06 | 27K | 64K | 42.3% | 6 |
| 2026-10-05 | 19K | 53K | 36.3% | 0 |
| 2026-10-02 | 27K | 81K | 33.2% | 0 |
| 2026-10-01 | 22K | 48K | 47.0% | 0 |
| 2026-09-30 | 19K | 56K | 33.7% | 1,849 |
| 2026-09-29 | 24K | 50K | 47.5% | 0 |
| 2026-09-28 | 117K | 192K | 61.1% | 0 |
| 2026-09-25 | 35K | 91K | 38.4% | 0 |
| 2026-09-24 | 38K | 72K | 53.0% | 0 |
| 2026-09-23 | 84K | 292K | 28.6% | 0 |
| 2026-09-22 | 70K | 259K | 27.2% | 3,403 |
Fails to deliver
SEC, the last 30 settlement dates with a fail. JSONAs of 8 October 2026, the fails-to-deliver balance in TONX is 981 shares, up 971 shares over the last settlement date. Over the last 30 readings it ranged from 1 share (29 September 2026) to 119,005 shares (21 September 2026). The latest reading sits at the bottom of that range.
| Settlement | Shares failed | Price | Value |
|---|---|---|---|
| 2026-10-08 | 981 | $3.51 | $3K |
| 2026-10-06 | 10 | $3.59 | $36 |
| 2026-09-29 | 1 | $3.98 | $4 |
| 2026-09-23 | 5,971 | $4.07 | $24K |
| 2026-09-22 | 7,666 | $3.84 | $29K |
| 2026-09-21 | 119,005 | $3.39 | $403K |
| 2026-09-18 | 1,774 | $3.10 | $5K |
| 2026-09-14 | 564 | $3.04 | $2K |
| 2026-09-11 | 34 | $3.00 | $102 |
| 2026-09-01 | 2,200 | $3.40 | $7K |
| 2026-08-28 | 10,650 | $3.42 | $36K |
| 2026-08-27 | 1,717 | $2.98 | $5K |
| 2026-08-26 | 7,874 | $3.10 | $24K |
| 2026-08-24 | 19,166 | $3.06 | $59K |
| 2026-08-21 | 23,254 | $2.84 | $66K |
| 2026-08-20 | 22,168 | $2.78 | $62K |
| 2026-08-18 | 36,906 | $2.82 | $104K |
| 2026-08-17 | 37,683 | $2.69 | $101K |
| 2026-08-14 | 15,663 | $2.91 | $46K |
| 2026-08-13 | 22,361 | $2.87 | $64K |
| 2026-08-12 | 13,219 | $3.05 | $40K |
| 2026-08-11 | 11,830 | $3.05 | $36K |
| 2026-08-10 | 35,490 | $2.99 | $106K |
| 2026-08-07 | 23,660 | $2.84 | $67K |
| 2026-08-06 | 23,384 | $2.82 | $66K |
| 2026-08-05 | 11,605 | $2.97 | $34K |
| 2026-07-20 | 3,215 | $3.26 | $10K |
| 2026-07-08 | 1,277 | $3.39 | $4K |
| 2026-07-02 | 1,144 | $2.91 | $3K |
| 2026-07-01 | 2,744 | $2.55 | $7K |
Insider trades
SEC Form 4, newest first. JSONOver the last 90 days TONX insiders reported 3 open-market buys ($20K) against 2 sells ($640K), so the dollar flow leans toward selling. Latest filing: Rivard Bill John (Chief Accounting Officer) on 2026-09-04.
| Date | Insider | Title | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|---|
| 2026-09-04 | Rivard Bill John | Chief Accounting Officer | Sell | 13K | $3.30 | $41K | 45K |
| 2026-08-27 | Suarez Oscar | Director | Grant | 98K | $0.00 | $0 | 98K |
| 2026-08-27 | Sohn Evan | Director | Grant | 80K | $0.00 | $0 | 155K |
| 2026-08-27 | Highfield Tucker Montana | Director | Grant | 80K | $0.00 | $0 | 150K |
| 2026-08-27 | Cary Nicolas Claude | Director | Grant | 80K | $0.00 | $0 | 153K |
| 2026-08-14 | Olsen Sarah Josephine | CFO & COO | Sell | 217K | $2.75 | $599K | 1.3M |
| 2026-08-14 | Wilson Kevin Mark | Chief Executive Officer | Buy | 2K | $2.67 | $5K | 1.2M |
| 2026-08-14 | Wilson Kevin Mark | Chief Executive Officer | Buy | 2K | $2.68 | $5K | 1.2M |
| 2026-08-13 | Wilson Kevin Mark | Chief Executive Officer | Buy | 4K | $2.75 | $10K | 1.1M |
| 2026-07-21 | Wilson Kevin Mark | Chief Executive Officer | Grant | 1.1M | $0.00 | $0 | 1.1M |
| 2026-07-21 | Sohn Evan | Director | Grant | 70K | $0.00 | $0 | 75K |
| 2026-07-21 | Olsen Sarah Josephine | CFO & COO | Grant | 218K | $0.00 | $0 | 1.5M |
| 2026-07-21 | Olsen Sarah Josephine | CFO & COO | Grant | 1.3M | $0.00 | $0 | 1.3M |
| 2026-07-21 | Marbach Mary | General Counsel/Corp Secretary | Grant | 313K | $0.00 | $0 | 314K |
| 2026-07-21 | Highfield Tucker Montana | Director | Grant | 70K | $0.00 | $0 | 70K |
| 2026-07-21 | Cary Nicolas Claude | Director | Grant | 73K | $0.00 | $0 | 73K |
| 2026-05-15 | Marbach Mary | General Counsel/Corp Secretary | Buy | 2K | $3.52 | $6K | 2K |
| 2026-05-14 | Sohn Evan | Director | Buy | 3K | $3.59 | $10K | 5K |
| 2026-05-14 | Wilson Kevin Mark | Chief Executive Officer | Buy | 8K | $3.66 | $29K | 8K |
| 2026-05-14 | Olsen Sarah Josephine | CFO & COO | Buy | 7K | $3.62 | $27K | 7K |
| 2026-05-14 | Sohn Evan | Director | Buy | 3K | $3.58 | $10K | 5K |
| 2026-04-29 | Cary Nicolas Claude | Director | Other transaction | 15K | price not stated in the filing | not stated | 0 |
| 2026-04-29 | Highfield Tucker Montana | Director | Other transaction | 12K | price not stated in the filing | not stated | 0 |
| 2026-04-29 | Marbach Mary | General Counsel/Corp Secretary | Other transaction | 312K | price not stated in the filing | not stated | 0 |
| 2026-04-29 | Olsen Sarah Josephine | CFO & COO | Other transaction | 38K | price not stated in the filing | not stated | 632K |
| 2026-04-29 | Olsen Sarah Josephine | CFO & COO | Other transaction | 632K | price not stated in the filing | not stated | 0 |
| 2026-04-29 | Sohn Evan | Director | Other transaction | 12K | price not stated in the filing | not stated | 3K |
| 2025-12-16 | CUTAIA RORY J. | Director | Sell | 54K | $2.53 | $138K | 13K |
| 2025-12-15 | CUTAIA RORY J. | Director | Sell | 34K | $2.63 | $90K | 67K |
| 2025-12-12 | CUTAIA RORY J. | Director | Sell | 39K | $2.79 | $108K | 101K |
| 2025-12-10 | CUTAIA RORY J. | Director | Sell | 113K | $3.14 | $354K | 140K |
| 2025-12-05 | CUTAIA RORY J. | Director | Sell | 15K | $3.10 | $47K | 253K |
| 2025-12-05 | CUTAIA RORY J. | Director | Sell | 15K | $309.90 | $4.7M | 253K |
| 2025-12-04 | CUTAIA RORY J. | Director | Sell | 37K | $3.63 | $135K | 268K |
| 2025-12-04 | CUTAIA RORY J. | Director | Sell | 37K | $3.63 | $135K | 268K |
| 2025-12-03 | CUTAIA RORY J. | Director | Sell | 26K | $3.45 | $91K | 305K |
| 2025-12-03 | CUTAIA RORY J. | Director | Sell | 26K | $3.44 | $91K | 305K |
| 2025-12-02 | CUTAIA RORY J. | Director | Sell | 108K | $3.08 | $332K | 331K |
| 2025-12-01 | CUTAIA RORY J. | Director | Sell | 36K | $3.13 | $114K | 439K |
| 2025-11-28 | CUTAIA RORY J. | Director | Sell | 34K | $3.44 | $116K | 475K |
| 2025-11-26 | CUTAIA RORY J. | Director | Sell | 241K | $3.10 | $747K | 509K |
| 2025-11-25 | CUTAIA RORY J. | Director | Sell | 43K | $3.05 | $131K | 750K |
| 2025-11-24 | CUTAIA RORY J. | Director | Sell | 107K | $3.05 | $326K | 793K |
| 2025-10-07 | Olsen Sarah Josephine | CFO & COO | Grant | 632K | $0.00 | $0 | 670K |
| 2025-10-07 | Kapustina Veronika | Chief Executive Officer | Grant | 632K | $0.00 | $0 | 632K |
| 2025-09-29 | Stotz Manuel | Director, 10% owner | Buy | 70K | $7.11 | $498K | 2.3M |
| 2025-08-07 | CUTAIA RORY J. | Director | Grant | 12K | $0.00 | $0 | 900K |
Form 4 filings are due within two business days of the trade. Insiders sell for many reasons that say nothing about the company; open-market buys are rarer.
Planned sales (Form 144)
Newest first. JSON2 Form 144 notices on file for TONX worth $2.7M at the prices reported; 1 in the last 90 days worth $43K. Latest: Rivard Bill John filed on 2026-09-04 to sell 12,500 shares ($43K) from 2026-09-04.
| Filed | Seller | Shares | Market value | Of outstanding | Sale from | Broker |
|---|---|---|---|---|---|---|
| 2026-09-04 | Rivard Bill JohnOfficer | 13K | $43K | 0.023% | 2026-09-04 | Charles Schwab & Co |
| 2025-11-21 | CUTAIA RORY J.Director | 887K | $2.6M | 1.502% | 2025-11-21 | Charles Schwab Corp |
Large holders (13D and 13G)
One row per reporting person with its latest filing, newest first. JSON5 holders report 5% or more of TONX in their latest filing, 4 on Schedule 13D (active intent). The largest reported stake is Manuel Stotz at 22.0% of the class (12,091,720 shares), filed 2026-10-27 for an event on 2026-10-27.
| Filed | Form | Holder | Shares | Of class | Event |
|---|---|---|---|---|---|
| 2026-10-27 | 13D/Ano. 2 | Manuel Stotzindividual, parent holding company | 12.1M | 22.0% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | Kingsway Capital Partners Limitedcorporation, other entity | 12.1M | 22.0% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | SP13 Digital Ltdcorporation | 3.7M | 6.7% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | FCO2 Digital Ltdcorporation | 2.8M | 5.1% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | Kingsway Frontier Consumer Opportunities (FCO4) Growth Fund IV Ltdcorporation | 2.3M | 4.2% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | SP14 Digital Ltd.corporation | 1.4M | 2.6% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | Kingsway Fund - Frontier Consumer Franchisescorporation | 1.1M | 1.9% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | SP15 Digital Ltdcorporation | 484K | 0.9% | 2026-10-27 |
| 2026-10-27 | 13D/Ano. 2 | SP12 Digital Ltdcorporation | 333K | 0.6% | 2026-10-27 |
| 2026-04-02 | 13G/Ano. 1 | Aristeia Capital, L.L.C.investment adviser, other entity | 4.9M | 8.7% | 2026-03-31 |
| 2026-04-02 | 13G/Ano. 1 | William R. Techarindividual, parent holding company | 468K | 0.8% | 2026-03-31 |
| 2026-04-02 | 13G/Ano. 1 | Anthony M. Frascellaindividual, parent holding company | 468K | 0.8% | 2026-03-31 |
| 2026-04-02 | 13G/Ano. 1 | Robert H. Lynch, Jr.individual, parent holding company | 53K | 0.1% | 2026-03-31 |
| 2026-04-02 | 13G/Ano. 1 | Jonathan M. Hlaindividual | 11K | 0.0% | 2026-03-31 |
13F holders
Tracked managers holding TONX at their latest 13F. JSON1 of the 30 tracked managers held TONX at their latest 13F, $83K in total at quarter-end prices. Two Sigma Investments is the largest at $83K (0.0% of its portfolio) as of 2026-06-30. Over the prior quarter 1 added shares and 0 cut.
| Fund | Quarter | Shares | Value | Of portfolio | Change in shares |
|---|---|---|---|---|---|
| Two Sigma Investments | 2026-06-30 | 33K | $83K | 0.00% | +1K |
Only the 30 tracked managers on the funds hub; a 13F reports long positions in US listed stock at quarter end, 45 days late, and says nothing about shorts or positions sold since.
What this page is
TON Strategy in the regulatory record
Regulators publish company data in separate files that never sit next to each other: FINRA's twice-monthly short interest, its daily short sale volume, the SEC's fails-to-deliver counts, and each insider's Form 4. A company page puts those series for one ticker on one URL, with planned sales, large holders, 13F holders and financials beside them, so the short position, the daily flow, the settlement fails and what insiders are doing can be read together.
Each section has its own history table, a one-line summary of the latest figures and its own JSON and CSV links, and says when its source last updated.
This page follows TON Strategy (TONX), SEC CIK 1566610, listed on Nasdaq. The cross-market tables live on the short interest and insider transactions hubs.
Source and updates
- Short interest
- FINRA consolidated short interestSource: FINRA.Twice a month, about eight business days after settlement. Latest 2026-10-15.JSON and CSV
- Daily short volume
- FINRA Reg SHO daily filesSource: FINRA.Every trading day, the morning after FINRA posts it. Latest 2026-11-02.JSON and CSV
- Fails to deliver
- SEC fails-to-deliver dataSource: SEC.Twice a month, a few weeks after the half month ends. Latest 2026-10-08.JSON and CSV
- Planned sales
- SEC EDGAR Form 144Source: SEC.New notices appear shortly after the SEC posts them; a notice is filed on or before the sale. Latest 2026-09-04.JSON and CSV
- Large holders
- SEC EDGAR Schedule 13D and 13GSource: SEC.New filings appear shortly after the SEC posts them. A 13D is due within five business days of crossing 5%; a 13G follows the passive schedule. Latest 2026-10-27.JSON and CSV
- 13F holders
- SEC EDGAR Form 13F-HRSource: SEC.Quarterly, filed within 45 days of quarter end; 30 tracked managers. Latest 2026-06-30.JSON and CSV
- Earnings dates
- SEC EDGAR 8-K filings (Item 2.02)Source: SEC.Twice a day. Reported dates come from the company's 8-K filings; the next date is marked as an estimate until the 8-K arrives. Latest 2026-08-11.JSON and CSV
- Insider trades
- SEC EDGAR Form 4Source: SEC.New filings appear shortly after the SEC posts them; they're due two business days after the trade. Latest 2026-09-04.JSON and CSV
- Company record
- EDGAR filing index for CIK 1566610Ticker, name and exchange from the SEC's company list, refreshed weekly.
- Rate limits
- 10 requests a minute without a key, 30 with a free key from a free account.
How to read it
- Read the position against the flow: rising short interest with a high daily short share is new shorting; rising short interest with a normal short share is old shorts holding on.
- Insider buys next to a large short position are rare and stand out; insider sells next to one are common and mean little.
- Fails to deliver matter relative to the float, not in absolute shares; a million failed shares in a mega cap is noise.
Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.
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Datasets
Frequently Asked Questions
How much of TONX is sold short?
What is TONX's daily short volume?
Does TONX have fails to deliver?
Are TONX insiders buying or selling?
Have TONX insiders filed to sell?
Who owns 5% or more of TONX?
Which tracked 13F managers own TONX?
Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.