Market Makers Accused of Abusing Short Sale Exemptions on PAR Technology

Published in Stocks and Investing on Wednesday, August 13th 2025 at 10:30 GMT by WOPRAI
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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 PAR Technology Corporation (PAR), 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 PAR Technology Corporation at $50.61, after crossing above the $50.298 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
2025-08-12	1,073,502	1,787,112	60.07	48.26	51,807,207
2025-08-11	1,209,266	2,961,330	40.84	47.19	57,065,263
2025-08-08	2,463,481	5,463,100	45.09	48.66	119,872,985
2025-08-07	385,558	904,533	42.63	58.07	22,389,353
2025-08-06	227,633	525,163	43.35	58.55	13,327,912
2025-08-05	267,034	710,438	37.59	60.28	16,096,810
2025-08-04	234,365	438,295	53.47	60.42	14,160,333
2025-08-01	297,596	567,418	52.45	58.92	17,534,356
2025-07-31	214,198	539,874	39.68	61.15	13,098,208
2025-07-30	303,859	465,652	65.25	63.14	19,185,657
2025-07-29	306,861	631,057	48.63	65.06	19,964,377
2025-07-28	125,276	193,408	64.77	68.07	8,527,537
2025-07-25	169,624	278,508	60.9	68.09	11,549,698
2025-07-24	225,979	542,259	41.67	68.99	15,590,291
2025-07-23	201,661	422,096	47.78	71.09	14,336,080
2025-07-22	159,459	383,287	41.6	70.26	11,203,589
2025-07-21	162,064	489,720	33.09	69.98	11,341,239
2025-07-18	170,571	305,691	55.8	69.49	11,852,979
2025-07-17	195,093	686,673	28.41	70.01	13,658,461
2025-07-16	167,975	291,615	57.6	68.82	11,560,040
2025-07-15	123,762	241,497	51.25	68.2	8,440,568
2025-07-14	120,022	312,194	38.44	69.39	8,328,327
2025-07-11	191,337	325,658	58.75	69.08	13,217,560
2025-07-10	103,840	221,431	46.89	69.98	7,266,723
2025-07-09	113,269	223,580	50.66	69.58	7,881,257
2025-07-08	168,722	325,397	51.85	69.75	11,768,360
2025-07-07	178,992	432,694	41.37	69.04	12,357,608
2025-07-03	133,236	272,435	48.91	69.43	9,250,575
2025-07-02	187,255	390,237	47.98	67.18	12,579,791
2025-07-01	346,344	922,887	37.53	67.42	23,350,512
2025-06-30	197,387	385,944	51.14	69.09	13,637,468
2025-06-27	663,736	2,709,333	24.5	67.98	45,120,773
2025-06-26	154,850	301,800	51.31	67.5	10,452,375
2025-06-25	161,495	302,407	53.4	66.81	10,789,481
2025-06-24	177,676	330,040	53.83	67.39	11,973,586
2025-06-23	198,627	586,024	33.89	64.93	12,896,851
2025-06-20	244,118	1,276,880	19.12	63.37	15,469,758

Total	175,032,622	452,294,550	38.7	50.28	8,801,346,499

* Totals include all data records back to 2020-08-14 00:00:00, data set is truncated for viewing.