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 Advent Technologies Holdings, Inc. (ADN), 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 Advent Technologies Holdings, Inc. at $2.88, after crossing above the $2.835 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
2025-06-05	13,947	33,113	42.12	2.7	37,657
2025-06-04	2,486	7,478	33.24	2.58	6,414
2025-06-03	2,175	7,101	30.63	2.62	5,699
2025-06-02	7,138	18,000	39.66	2.56	18,273
2025-05-30	2,367	9,368	25.27	2.5	5,918
2025-05-29	6,295	10,689	58.89	2.56	16,115
2025-05-28	5,596	28,634	19.54	2.72	15,221
2025-05-27	12,700	42,690	29.75	2.62	33,274
2025-05-23	2,101	9,601	21.88	2.36	4,958
2025-05-22	7,001	32,334	21.65	2.15	15,052
2025-05-21	4,457	17,551	25.39	2.09	9,315
2025-05-20	3,897	20,593	18.92	2.2	8,573
2025-05-19	4,219	23,660	17.83	2.33	9,830
2025-05-16	2,398	14,111	16.99	2.48	5,947
2025-05-15	8,378	28,690	29.2	2.53	21,196
2025-05-14	2,780	19,785	14.05	2.75	7,645
2025-05-13	3,662	24,662	14.85	2.67	9,778
2025-05-12	3,424	41,908	8.17	2.79	9,553
2025-05-09	6,712	46,324	14.49	2.89	19,398
2025-05-08	18,877	89,472	21.1	3.29	62,105
2025-05-07	15,248	67,290	22.66	3.53	53,825
2025-05-06	82,212	153,618	53.52	3.55	291,853
2025-05-05	28,160	56,096	50.2	2.66	74,906
2025-05-02	34,358	73,477	46.76	2.26	77,649
2025-05-01	6,089	10,130	60.11	2.09	12,726
2025-04-30	17,985	26,742	67.25	1.98	35,610
2025-04-29	8,610	23,489	36.66	1.89	16,273
2025-04-28	27,712	48,695	56.91	1.94	53,761
2025-04-25	26,260	40,957	64.12	1.95	51,207
2025-04-24	30,950	57,054	54.25	2.03	62,829
2025-04-23	20,789	42,699	48.69	2.23	46,359
2025-04-22	24,571	50,626	48.53	2.39	58,725
2025-04-21	4,037	11,991	33.67	2.69	10,860
2025-04-17	9,956	18,362	54.22	2.59	25,786
2025-04-16	869	12,372	7.02	2.79	2,425
2025-04-15	29,042	66,258	43.83	2.79	81,027
2025-04-14	6,670	18,971	35.16	2.93	19,543

Total	510,181,762	1,164,513,491	43.81	2.84	1,446,370,075

* Totals include all data records back to 2021-06-18 00:00:00, data set is truncated for viewing.

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Short squeeze is starting in shares of ADN at $2.88, after crossing above the $2.835 Trigger Price