Short squeeze is starting in shares of FRME at $37.64, after crossing above the $36.674 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 First Merchants Corporation (FRME), 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 First Merchants Corporation at $37.64, after crossing above the $36.674 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
2025-04-22	117,412	270,821	43.35	36	4,226,832
2025-04-21	95,040	199,498	47.64	34.92	3,318,797
2025-04-17	233,166	415,857	56.07	35.53	8,284,388
2025-04-16	118,334	248,476	47.62	35.4	4,189,024
2025-04-15	151,828	346,063	43.87	35.16	5,338,272
2025-04-14	130,258	276,948	47.03	34.34	4,473,060
2025-04-11	118,101	263,237	44.86	34.07	4,023,701
2025-04-10	139,673	352,226	39.65	34.57	4,828,496
2025-04-09	168,554	393,465	42.84	36.32	6,121,881
2025-04-08	166,724	345,729	48.22	35.49	5,917,035
2025-04-07	189,359	434,740	43.56	35.64	6,748,755
2025-04-04	200,469	482,917	41.51	35.32	7,080,565
2025-04-03	151,680	405,885	37.37	36.75	5,574,240
2025-04-02	86,250	254,743	33.86	39.97	3,447,413
2025-04-01	128,808	279,735	46.05	40.07	5,161,337
2025-03-31	77,549	261,549	29.65	40.46	3,137,633
2025-03-28	96,194	254,943	37.73	40.45	3,891,047
2025-03-27	117,466	425,569	27.6	40.98	4,813,757
2025-03-26	80,840	199,716	40.48	41.09	3,321,716
2025-03-25	49,575	191,921	25.83	40.96	2,030,592
2025-03-24	85,168	286,103	29.77	41.19	3,508,070
2025-03-21	369,817	1,573,206	23.51	40.3	14,903,625
2025-03-20	90,938	244,605	37.18	41.05	3,733,005
2025-03-19	98,675	267,305	36.91	40.76	4,021,993
2025-03-18	101,969	376,730	27.07	40.33	4,112,410
2025-03-17	75,774	297,476	25.47	40.62	3,077,940
2025-03-14	86,224	224,912	38.34	40.13	3,460,169
2025-03-13	52,235	216,715	24.1	39.3	2,052,836
2025-03-12	64,582	219,566	29.41	39.44	2,547,114
2025-03-11	81,358	227,452	35.77	39.13	3,183,539
2025-03-10	116,505	313,443	37.17	39.91	4,649,715
2025-03-07	66,986	220,792	30.34	41.24	2,762,503
2025-03-06	106,217	356,813	29.77	41.84	4,444,119
2025-03-05	149,622	319,659	46.81	41.8	6,254,200
2025-03-04	128,754	338,455	38.04	42.56	5,479,770
2025-03-03	72,301	214,326	33.73	43.81	3,167,507
2025-02-28	153,828	448,685	34.28	43.73	6,726,898

Total	99,181,971	264,281,074	37.53	36.68	3,638,283,454

* Totals include all data records back to 2020-04-24 00:00:00, data set is truncated for viewing.

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Short squeeze is starting in shares of FRME at $37.64, after crossing above the $36.674 Trigger Price