Market Makers Skirting Regulations: Uncovered Short-Selling Abuse Since 2005

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 Employers Holdings, Inc. (EIG), 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 Employers Holdings, Inc. at $42.45, after crossing above the $42.307 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	85,576	270,135	31.68	42.12	3,604,461
2025-08-11	81,739	238,957	34.21	41.3	3,375,821
2025-08-08	107,594	251,306	42.81	41.24	4,437,177
2025-08-07	95,232	324,244	29.37	41.25	3,928,320
2025-08-06	113,555	239,193	47.47	41.81	4,747,735
2025-08-05	126,338	331,392	38.12	40.62	5,131,850
2025-08-04	139,231	336,733	41.35	39.45	5,492,663
2025-08-01	242,858	537,905	45.15	39.04	9,481,176
2025-07-31	197,481	592,942	33.31	41.88	8,270,504
2025-07-30	81,657	201,450	40.53	45.82	3,741,524
2025-07-29	78,961	205,136	38.49	46.1	3,640,102
2025-07-28	70,489	190,636	36.98	45.77	3,226,282
2025-07-25	71,734	183,865	39.01	45.93	3,294,743
2025-07-24	65,958	160,934	40.98	45.57	3,005,706
2025-07-23	64,450	154,939	41.6	45.98	2,963,411
2025-07-22	88,603	226,611	39.1	46.2	4,093,459
2025-07-21	83,232	182,430	45.62	45.82	3,813,690
2025-07-18	73,746	235,782	31.28	46.57	3,434,351
2025-07-17	54,200	185,250	29.26	46.73	2,532,766
2025-07-16	56,018	135,897	41.22	46.34	2,595,874
2025-07-15	74,250	182,297	40.73	45.98	3,414,015
2025-07-14	53,717	153,300	35.04	46.75	2,511,270
2025-07-11	75,809	196,203	38.64	46.21	3,503,134
2025-07-10	59,731	141,509	42.21	46.22	2,760,767
2025-07-09	38,199	122,269	31.24	46.62	1,780,837
2025-07-08	71,254	278,390	25.6	46.94	3,344,663
2025-07-07	96,748	217,090	44.57	47.27	4,573,278
2025-07-03	46,448	121,543	38.22	47.68	2,214,641
2025-07-02	59,156	197,544	29.95	46.8	2,768,501
2025-07-01	37,307	146,471	25.47	47.53	1,773,202
2025-06-30	53,119	341,691	15.55	47.12	2,502,967
2025-06-27	62,274	393,424	15.83	46.96	2,924,387
2025-06-26	31,492	197,852	15.92	46.49	1,464,063
2025-06-25	41,758	119,788	34.86	46.24	1,930,890
2025-06-24	52,501	197,820	26.54	47.39	2,488,022
2025-06-23	41,468	193,977	21.38	47.31	1,961,851
2025-06-20	74,006	590,819	12.53	46.53	3,443,499

Total	47,626,491	206,616,401	23.05	42.31	2,015,013,632

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

N※N

Market Makers Skirting Regulations: Uncovered Short-Selling Abuse Since 2005