Short Selling Under Scrutiny: Market Maker Exemption Abuse Exposed Over 20 Years

Published in Stocks and Investing on Tuesday, August 12th 2025 at 10:30 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 CAVA Group, Inc. (CAVA), 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 CAVA Group, Inc. at $83.9, after crossing above the $83.036 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	1,497,136	4,583,261	32.67	83.9	125,609,710
2025-08-08	2,211,767	4,233,891	52.24	85.57	189,260,902
2025-08-07	1,798,865	3,564,440	50.47	88.72	159,595,303
2025-08-06	1,162,845	2,069,412	56.19	86.4	100,469,808
2025-08-05	1,335,970	2,519,441	53.03	87.81	117,311,526
2025-08-04	1,450,437	3,011,472	48.16	87.03	126,231,532
2025-08-01	1,009,421	2,291,832	44.04	84.47	85,265,792
2025-07-31	1,567,244	3,483,526	44.99	88.83	139,218,285
2025-07-30	2,173,593	4,125,228	52.69	89.89	195,384,275
2025-07-29	1,890,336	3,493,216	54.11	86.04	162,644,509
2025-07-28	1,364,233	3,024,132	45.11	88.51	120,748,263
2025-07-25	973,101	2,197,742	44.28	86.98	84,640,325
2025-07-24	2,746,930	5,658,540	48.54	86.71	238,186,300
2025-07-23	1,529,198	3,517,688	43.47	92.08	140,808,552
2025-07-22	1,642,891	3,759,958	43.69	89.65	147,285,178
2025-07-21	1,585,022	3,080,202	51.46	88.01	139,497,786
2025-07-18	1,134,240	2,091,042	54.24	86.64	98,270,554
2025-07-17	4,054,598	7,302,750	55.52	85.84	348,046,692
2025-07-16	1,305,577	2,204,360	59.23	89.02	116,222,465
2025-07-15	1,612,260	3,267,590	49.34	88.39	142,507,661
2025-07-14	1,696,789	3,103,850	54.67	89.99	152,694,042
2025-07-11	1,516,656	2,519,474	60.2	91.41	138,637,525
2025-07-10	2,240,806	4,246,251	52.77	91.39	204,787,260
2025-07-09	2,777,255	4,450,542	62.4	89.1	247,453,421
2025-07-08	2,459,187	4,611,790	53.32	87.06	214,096,820
2025-07-07	2,622,498	4,805,606	54.57	84.97	222,833,655
2025-07-03	2,747,993	4,933,953	55.7	86.26	237,041,876
2025-07-02	3,455,901	6,026,379	57.35	83.97	290,192,007
2025-07-01	2,592,196	4,712,853	55	82.22	213,130,355
2025-06-30	4,371,408	7,879,251	55.48	83.64	365,624,565
2025-06-27	3,918,675	8,459,024	46.33	77.8	304,872,915
2025-06-26	2,592,685	5,586,847	46.41	76.42	198,132,988
2025-06-25	1,839,241	3,365,112	54.66	74.5	137,023,455
2025-06-24	1,909,435	3,686,005	51.8	75.13	143,455,852
2025-06-23	2,352,136	4,697,227	50.07	74.24	174,622,577
2025-06-20	2,469,813	4,825,257	51.19	74.79	184,717,314
2025-06-18	1,637,854	3,609,472	45.38	74.67	122,298,558

Total	702,731,902	1,556,473,687	45.15	83.04	58,353,052,770

* Totals include all data records back to 2023-06-20 00:00:00, data set is truncated for viewing.

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Short Selling Under Scrutiny: Market Maker Exemption Abuse Exposed Over 20 Years