Short squeeze is starting in shares of SPSC at $137.2, after crossing above the $137.122 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 SPS Commerce, Inc. (SPSC), 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 SPS Commerce, Inc. at $137.2, after crossing above the $137.122 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
2025-04-01	119,491	292,387	40.87	133.61	15,965,193
2025-03-31	114,879	338,806	33.91	132.32	15,200,789
2025-03-28	136,290	272,030	50.1	133.19	18,152,465
2025-03-27	107,831	282,071	38.23	136.24	14,690,895
2025-03-26	106,003	299,778	35.36	135.67	14,381,427
2025-03-25	113,632	409,818	27.73	134.4	15,272,141
2025-03-24	92,895	322,260	28.83	134.69	12,512,028
2025-03-21	179,143	652,798	27.44	128.89	23,089,741
2025-03-20	110,851	388,103	28.56	128.69	14,265,415
2025-03-19	81,105	307,343	26.39	129.24	10,482,010
2025-03-18	69,527	286,338	24.28	128.16	8,910,580
2025-03-17	87,361	294,499	29.66	129.25	11,291,409
2025-03-14	149,451	784,691	19.05	128.03	19,134,212
2025-03-13	94,867	251,090	37.78	123.88	11,752,124
2025-03-12	96,080	350,157	27.44	126.22	12,127,218
2025-03-11	69,065	251,793	27.43	126.33	8,724,981
2025-03-10	130,065	425,428	30.57	125.17	16,280,236
2025-03-07	86,477	268,301	32.23	128.73	11,132,184
2025-03-06	86,187	267,995	32.16	132.79	11,444,772
2025-03-05	53,642	209,241	25.64	133.17	7,143,505
2025-03-04	90,989	285,994	31.82	132.49	12,055,133
2025-03-03	131,146	413,155	31.74	133.43	17,498,811
2025-02-28	92,820	379,296	24.47	132.97	12,342,275
2025-02-27	106,239	366,394	29	133.35	14,166,971
2025-02-26	117,469	330,373	35.56	137.01	16,094,428
2025-02-25	108,194	264,543	40.9	138.1	14,941,591
2025-02-24	142,866	382,356	37.36	138.34	19,764,082
2025-02-21	220,067	662,654	33.21	141.55	31,150,484
2025-02-20	86,329	366,027	23.59	144.04	12,434,829
2025-02-19	89,762	419,374	21.4	147.39	13,230,021
2025-02-18	140,017	730,882	19.16	145.16	20,324,868
2025-02-14	129,294	420,594	30.74	147.12	19,021,733
2025-02-13	142,903	528,515	27.04	149.27	21,331,131
2025-02-12	157,280	501,962	31.33	152.33	23,958,462
2025-02-11	279,112	861,895	32.38	152.33	42,517,131
2025-02-10	114,852	395,172	29.06	177.86	20,427,577
2025-02-07	55,518	193,522	28.69	178.49	9,909,408

Total	83,294,822	228,558,728	36.44	137.12	11,421,131,224

* Totals include all data records back to 2020-04-03 00:00:00, data set is truncated for viewing.

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Short squeeze is starting in shares of SPSC at $137.2, after crossing above the $137.122 Trigger Price