Market Makers Allegedly Abusing Exemptions in Short Selling

Published in Stocks and Investing on Tuesday, August 5th 2025 at 11:15 GMT by WOPRAI
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In the past 20 years (since 2005 with the introduction of RegSho), short selling has come under scrutiny as millions of retail investors have discovered what we have been highlighting since early 2005. Market makers abuse the “market maker’s exemption” and short excessive amounts of shares in your stock without locating, borrowing, paying the rebate or the interest rate to borrow. They are required to cover on the same trading day, and our data proves they do not.

The chart below shows “Daily Short Volume” in Douglas Dynamics, Inc. (PLOW), and includes both EXEMPT (market makers) and NON-EXEMPT (everyone else) short sales. We consolidate the tape of all 14 US stock exchanges and purchase the “sell short” trade identifier data directly from the exchanges on a daily basis. This complete view of the trading in your stock shows a vastly different picture than “Total Short Interest”, which only includes non-exempt short sales that have not been covered by the twice per month reporting date. Unfortunately, this misses the majority of the short selling.

This indicates that a Short Squeeze may be starting in shares of Douglas Dynamics, Inc. at $29.72, after crossing above the $29.274 Trigger Price. This could signal a buying opportunity, given the right market conditions.

You can find the full report at [ https://www.woprai.com/ ]

Please find the applicable data below, drawn from all major market providers.

Date	Short Volume	Total Volume	Percentage	Squeeze Trigger	$ Value
2025-08-04	54,384	206,926	26.28	28.2	1,533,629
2025-08-01	71,620	210,322	34.05	27.93	2,000,347
2025-07-31	60,210	285,533	21.09	28.44	1,712,372
2025-07-30	70,459	253,303	27.82	28.5	2,008,082
2025-07-29	67,952	205,933	33	28.67	1,948,184
2025-07-28	50,137	116,025	43.21	28.99	1,453,472
2025-07-25	52,194	175,092	29.81	29.31	1,529,806
2025-07-24	57,075	204,359	27.93	29.44	1,680,288
2025-07-23	37,046	167,698	22.09	29.64	1,098,043
2025-07-22	62,262	293,830	21.19	29.35	1,827,390
2025-07-21	55,861	206,068	27.11	28.77	1,607,121
2025-07-18	70,026	164,697	42.52	28.83	2,018,850
2025-07-17	58,611	202,329	28.97	29.04	1,702,063
2025-07-16	48,398	146,751	32.98	29	1,403,542
2025-07-15	99,015	320,004	30.94	29.4	2,911,041
2025-07-14	58,320	209,327	27.86	30.04	1,751,933
2025-07-11	106,256	293,069	36.26	30.34	3,223,807
2025-07-10	35,737	223,359	16	30.93	1,105,345
2025-07-09	48,754	156,159	31.22	30.8	1,501,623
2025-07-08	43,253	175,617	24.63	30.85	1,334,355
2025-07-07	88,858	370,574	23.98	31.14	2,767,038
2025-07-03	33,946	172,168	19.72	31.21	1,059,455
2025-07-02	51,157	354,236	14.44	30.71	1,571,031
2025-07-01	79,644	323,502	24.62	29.99	2,388,524
2025-06-30	117,480	390,633	30.07	29.44	3,458,611
2025-06-27	103,707	1,274,488	8.14	29	3,007,503
2025-06-26	72,359	173,499	41.71	29.18	2,111,436
2025-06-25	54,533	121,088	45.04	28.83	1,572,186
2025-06-24	53,183	130,359	40.8	29.13	1,549,221
2025-06-23	70,010	252,824	27.69	28.5	1,995,285
2025-06-20	118,211	455,631	25.94	28.21	3,334,732
2025-06-18	102,125	329,751	30.97	28.76	2,937,115
2025-06-17	76,352	129,554	58.93	28.78	2,197,411
2025-06-16	117,321	274,474	42.74	29.19	3,424,600
2025-06-13	122,435	186,470	65.66	28.8	3,526,128
2025-06-12	120,017	184,165	65.17	29.04	3,485,294
2025-06-11	78,439	173,378	45.24	28.84	2,262,181

Total	48,880,397	180,484,349	27.08	29.27	1,430,672,528

* Totals include all data records back to 2020-08-06 00:00:00, data set is truncated for viewing.

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Market Makers Allegedly Abusing Exemptions in Short Selling