Short squeeze is starting in shares of ALRS at $22.49, after crossing above the $22.213 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 Alerus Financial Corporation (ALRS), 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 Alerus Financial Corporation at $22.49, after crossing above the $22.213 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
2025-05-13	21,545	81,498	26.44	22.14	477,006
2025-05-12	54,291	222,072	24.45	21.99	1,193,859
2025-05-09	26,957	128,442	20.99	21.01	566,367
2025-05-08	15,809	88,480	17.87	21.08	333,254
2025-05-07	34,097	101,475	33.6	21.08	718,765
2025-05-06	22,275	73,910	30.14	20.99	467,552
2025-05-05	36,231	108,228	33.48	20.99	760,489
2025-05-02	27,750	106,842	25.97	20.42	566,655
2025-05-01	27,702	92,155	30.06	20.03	554,871
2025-04-30	25,739	82,879	31.06	19.94	513,236
2025-04-29	44,210	133,124	33.21	19.69	870,495
2025-04-28	13,261	49,660	26.7	17.67	234,322
2025-04-25	14,259	43,372	32.88	17.63	251,386
2025-04-24	16,256	57,177	28.43	17.79	289,194
2025-04-23	22,344	63,791	35.03	17.66	394,595
2025-04-22	21,612	68,293	31.65	17.28	373,455
2025-04-21	20,796	55,456	37.5	16.77	348,749
2025-04-17	26,016	71,766	36.25	16.95	440,971
2025-04-16	17,343	50,864	34.1	16.7	289,628
2025-04-15	15,189	49,902	30.44	16.77	254,720
2025-04-14	25,883	70,435	36.75	16.34	422,928
2025-04-11	17,355	97,079	17.88	16.05	278,548
2025-04-10	22,307	68,397	32.61	16.15	360,258
2025-04-09	38,160	144,439	26.42	16.63	634,601
2025-04-08	31,937	104,307	30.62	16.36	522,489
2025-04-07	34,768	168,381	20.65	16.52	574,367
2025-04-04	35,407	147,987	23.93	16.52	584,924
2025-04-03	19,595	109,362	17.92	17.31	339,189
2025-04-02	16,145	50,627	31.89	18.36	296,422
2025-04-01	13,060	36,701	35.58	18.37	239,912
2025-03-31	10,741	54,314	19.78	18.46	198,279
2025-03-28	7,756	38,970	19.9	18.35	142,323
2025-03-27	8,305	34,358	24.17	18.68	155,137
2025-03-26	10,870	36,201	30.03	18.6	202,182
2025-03-25	11,506	49,110	23.43	18.54	213,321
2025-03-24	13,067	59,210	22.07	18.78	245,398
2025-03-21	29,000	139,029	20.86	18.56	538,240

Total	19,651,035	53,173,810	36.96	22.22	436,570,798

* Totals include all data records back to 2020-05-18 00:00:00, data set is truncated for viewing.

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Short squeeze is starting in shares of ALRS at $22.49, after crossing above the $22.213 Trigger Price