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 Ardelyx, Inc. (ARDX), 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 Ardelyx, Inc. at $3.7, after crossing above the $3.674 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
2025-06-05	1,118,487	3,113,759	35.92	3.69	4,127,217
2025-06-04	2,824,458	7,165,854	39.42	3.75	10,591,718
2025-06-03	1,724,740	3,913,364	44.07	3.91	6,743,733
2025-06-02	2,170,019	5,233,290	41.47	3.82	8,289,473
2025-05-30	2,295,119	5,866,168	39.12	3.76	8,629,647
2025-05-29	1,723,857	3,060,655	56.32	4.01	6,912,667
2025-05-28	1,984,009	3,337,218	59.45	3.95	7,836,836
2025-05-27	1,357,536	2,743,883	49.47	4	5,430,144
2025-05-23	1,230,698	2,573,964	47.81	3.95	4,861,257
2025-05-22	1,246,942	2,640,015	47.23	3.98	4,962,829
2025-05-21	1,911,424	4,525,930	42.23	4.05	7,741,267
2025-05-20	2,983,178	5,822,236	51.24	4.13	12,320,525
2025-05-19	2,801,363	4,977,726	56.28	3.93	11,009,357
2025-05-16	4,590,710	10,677,523	42.99	3.84	17,628,326
2025-05-15	1,504,405	4,075,495	36.91	3.33	5,009,669
2025-05-14	2,247,057	5,081,005	44.22	3.31	7,437,759
2025-05-13	2,525,715	5,070,902	49.81	3.41	8,612,688
2025-05-12	2,701,164	6,210,006	43.5	3.57	9,643,155
2025-05-09	2,966,915	5,121,127	57.93	3.62	10,740,232
2025-05-08	2,928,136	6,649,668	44.03	3.64	10,658,415
2025-05-07	2,691,735	5,237,797	51.39	3.74	10,067,089
2025-05-06	3,721,270	8,910,502	41.76	3.91	14,550,166
2025-05-05	6,311,594	13,966,839	45.19	3.82	24,110,289
2025-05-02	8,937,577	20,424,429	43.76	4.27	38,163,454
2025-05-01	2,095,870	5,962,116	35.15	5.53	11,590,161
2025-04-30	1,579,422	3,920,401	40.29	5.49	8,671,027
2025-04-29	1,739,423	4,732,560	36.75	5.46	9,497,250
2025-04-28	2,460,150	4,929,250	49.91	5.33	13,112,600
2025-04-25	2,027,358	4,562,289	44.44	5.16	10,461,167
2025-04-24	1,939,845	4,880,101	39.75	4.96	9,621,631
2025-04-23	1,430,696	4,191,720	34.13	4.86	6,953,183
2025-04-22	2,004,364	4,982,381	40.23	4.73	9,480,642
2025-04-21	1,648,690	4,419,574	37.3	4.66	7,682,895
2025-04-17	1,966,104	5,054,208	38.9	4.74	9,319,333
2025-04-16	1,330,272	3,482,688	38.2	4.56	6,066,040
2025-04-15	1,548,993	4,798,767	32.28	4.6	7,125,368
2025-04-14	1,487,443	4,496,974	33.08	4.56	6,782,740

Total	2,718,779,711	6,397,696,874	42.5	3.67	9,989,960,593

* Totals include all data records back to 2020-06-08 00:00:00, data set is truncated for viewing.

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Short squeeze is starting in shares of ARDX at $3.7, after crossing above the $3.674 Trigger Price