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 Forte Biosciences, Inc. (FBRX), 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 Forte Biosciences, Inc. at $9.54, after crossing above the $9.273 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
2025-02-28	4,474	29,696	15.07	9.34	41,787
2025-02-27	3,337	24,145	13.82	9.35	31,201
2025-02-26	4,574	13,038	35.08	9.73	44,505
2025-02-25	3,181	14,521	21.91	9.45	30,060
2025-02-24	10,942	52,256	20.94	10.7	117,079
2025-02-21	3,223	12,019	26.82	10.66	34,357
2025-02-20	2,327	11,619	20.03	10.61	24,689
2025-02-19	3,670	20,640	17.78	10.95	40,187
2025-02-18	3,776	13,874	27.22	11.83	44,670
2025-02-14	3,714	35,582	10.44	12.09	44,902
2025-02-13	5,182	22,891	22.64	11.32	58,660
2025-02-12	2,963	16,313	18.16	11.15	33,037
2025-02-11	2,974	9,435	31.52	11.03	32,803
2025-02-10	4,982	27,149	18.35	11.64	57,990
2025-02-07	7,270	45,636	15.93	12.38	90,003
2025-02-06	4,126	33,813	12.2	13.73	56,650
2025-02-05	6,102	28,800	21.19	15.02	91,652
2025-02-04	7,395	26,044	28.39	14.79	109,372
2025-02-03	6,200	24,787	25.01	15.47	95,914
2025-01-31	9,019	25,979	34.72	15.94	143,763
2025-01-30	9,901	44,494	22.25	15.54	153,862
2025-01-29	5,123	22,025	23.26	14.77	75,667
2025-01-28	8,178	46,546	17.57	15.07	123,242
2025-01-27	15,584	56,433	27.62	15.65	243,890
2025-01-24	4,536	25,055	18.1	15.48	70,217
2025-01-23	9,569	44,129	21.68	15.74	150,616
2025-01-22	13,755	88,583	15.53	15.86	218,154
2025-01-21	6,208	28,854	21.52	15.59	96,783
2025-01-17	6,309	30,667	20.57	16.12	101,701
2025-01-16	11,207	71,926	15.58	16.43	184,131
2025-01-15	18,406	72,345	25.44	16.52	304,067
2025-01-14	8,403	51,718	16.25	14.93	125,457
2025-01-13	13,291	72,634	18.3	16.53	219,700
2025-01-10	18,047	57,526	31.37	19.08	344,337
2025-01-08	9,310	35,909	25.93	20.12	187,317
2025-01-07	17,289	54,957	31.46	21.57	372,924
2025-01-06	7,164	44,357	16.15	23.17	165,990

Total	115,300,895	284,753,842	40.49	9.27	1,069,241,464

* Totals include all data records back to 2020-06-23 00:00:00, data set is truncated for viewing.

N※N

Short squeeze is starting in shares of FBRX at $9.54, after crossing above the $9.273 Trigger Price