Short squeeze is starting in shares of IONS at $40.6, after crossing above the $40.548 Trigger Price

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 Ionis Pharmaceuticals, Inc. (IONS), 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 Ionis Pharmaceuticals, Inc. at $40.6, after crossing above the $40.548 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
2025-06-30	834,590	1,591,401	52.44	39.6	33,049,764
2025-06-27	1,027,123	2,447,532	41.97	39.81	40,889,767
2025-06-26	867,346	1,798,070	48.24	39.94	34,641,799
2025-06-25	969,972	1,986,628	48.83	39.89	38,692,183
2025-06-24	1,471,986	2,830,678	52	39.32	57,878,490
2025-06-23	722,572	1,438,612	50.23	37.64	27,197,610
2025-06-20	993,961	2,276,654	43.66	37.31	37,084,685
2025-06-18	978,486	1,948,442	50.22	36.96	36,164,843
2025-06-17	620,411	1,571,643	39.48	35.88	22,260,347
2025-06-16	698,238	1,413,045	49.41	35.24	24,605,907
2025-06-13	515,684	1,483,948	34.75	35.52	18,317,096
2025-06-12	744,191	1,647,040	45.18	35.72	26,582,503
2025-06-11	679,669	1,570,878	43.27	36.45	24,773,935
2025-06-10	942,167	1,585,103	59.44	36.9	34,765,962
2025-06-09	1,047,664	2,025,451	51.72	36.56	38,302,596
2025-06-06	416,565	1,196,307	34.82	35.31	14,708,910
2025-06-05	388,041	834,621	46.49	35.27	13,686,206
2025-06-04	472,650	1,202,204	39.32	35.26	16,665,639
2025-06-03	747,003	1,492,060	50.07	34.78	25,980,764
2025-06-02	601,847	1,385,628	43.43	34.01	20,468,816
2025-05-30	702,565	1,645,005	42.71	33.5	23,535,928
2025-05-29	639,529	2,011,476	31.79	33.05	21,136,433
2025-05-28	708,843	2,755,717	25.72	32.62	23,122,459
2025-05-27	544,119	1,919,055	28.35	33.38	18,162,692
2025-05-23	275,309	963,078	28.59	32.89	9,054,913
2025-05-22	474,862	939,191	50.56	33.23	15,779,664
2025-05-21	361,571	1,083,436	33.37	33.63	12,159,633
2025-05-20	606,325	1,171,893	51.74	34.34	20,821,201
2025-05-19	337,880	807,905	41.82	33.86	11,440,617
2025-05-16	400,113	872,314	45.87	33.45	13,383,780
2025-05-15	586,299	1,078,084	54.38	32.79	19,224,744
2025-05-14	283,867	693,250	40.95	32.59	9,251,226
2025-05-13	297,068	1,344,245	22.1	32.57	9,675,505
2025-05-12	666,003	1,428,165	46.63	33.46	22,284,460
2025-05-09	380,809	946,895	40.22	32.51	12,380,101
2025-05-08	949,583	1,912,854	49.64	32.65	31,003,885
2025-05-07	847,546	2,155,060	39.33	33.01	27,977,493

Total	598,031,563	1,478,906,258	40.44	40.54	24,243,024,665

* Totals include all data records back to 2020-07-02 00:00:00, data set is truncated for viewing.