Regulatory Shift: Short Selling Under Scrutiny Since RegSho 2005

Published in Stocks and Investing on Tuesday, August 12th 2025 at 12:15 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 First Advantage Corporation (FA), 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 First Advantage Corporation at $16.37, after crossing above the $16.245 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
2025-08-11	981,436	1,367,013	71.79	16.07	15,771,677
2025-08-08	1,346,816	1,890,965	71.22	16.78	22,599,572
2025-08-07	782,728	1,293,387	60.52	17.34	13,572,504
2025-08-06	690,852	1,082,855	63.8	16.12	11,136,534
2025-08-05	627,862	1,140,714	55.04	15.98	10,033,235
2025-08-04	468,466	736,301	63.62	16.73	7,837,436
2025-08-01	442,798	653,935	67.71	16.54	7,323,879
2025-07-31	496,975	830,286	59.86	17.56	8,726,881
2025-07-30	352,889	587,635	60.05	18.07	6,376,704
2025-07-29	385,420	656,987	58.66	18.19	7,010,790
2025-07-28	544,708	913,546	59.63	18.2	9,913,686
2025-07-25	361,860	725,725	49.86	18.42	6,665,461
2025-07-24	459,893	813,287	56.55	18.32	8,425,240
2025-07-23	589,774	982,045	60.06	18.21	10,739,785
2025-07-22	403,041	834,720	48.28	17.96	7,238,616
2025-07-21	433,565	798,215	54.32	17.72	7,682,772
2025-07-18	672,187	1,122,553	59.88	17.64	11,857,379
2025-07-17	1,232,639	1,857,119	66.37	17.9	22,064,238
2025-07-16	372,762	678,704	54.92	16.71	6,228,853
2025-07-15	421,104	668,722	62.97	16.63	7,002,960
2025-07-14	334,204	563,850	59.27	17.17	5,738,283
2025-07-11	233,933	444,559	52.62	17.23	4,030,666
2025-07-10	255,387	531,500	48.05	17.62	4,499,919
2025-07-09	373,412	781,614	47.77	17.39	6,493,635
2025-07-08	527,527	898,598	58.71	17.19	9,068,189
2025-07-07	299,304	542,110	55.21	17.1	5,118,098
2025-07-03	165,414	381,654	43.34	17.19	2,843,467
2025-07-02	438,785	732,961	59.86	16.83	7,384,752
2025-07-01	532,317	1,224,158	43.48	17.05	9,076,005
2025-06-30	713,064	1,626,480	43.84	16.58	11,822,601
2025-06-27	1,438,352	5,194,701	27.69	15.86	22,812,263
2025-06-26	488,470	1,349,933	36.18	16.38	8,001,139
2025-06-25	529,422	1,264,492	41.87	16.53	8,751,346
2025-06-24	338,372	969,446	34.9	16.84	5,698,184
2025-06-23	325,671	1,102,697	29.53	16.67	5,428,936
2025-06-20	570,949	1,486,875	38.4	16.7	9,534,848
2025-06-18	490,189	906,229	54.09	17.41	8,534,190

Total	246,166,906	576,704,379	42.69	16.24	3,998,694,191

* Totals include all data records back to 2021-06-24 00:00:00, data set is truncated for viewing.