ARQT Short Selling Reaches Abnormally High Levels

The chart below shows ALL of the short selling each day in ARCUTIS BIOTHERAPEUTICS, INC. (ARQT). We have consolidated the tape of ALL US stock exchanges and dark pools (this means we get the TRADE IDENTIFIER showing whether the trade was a buy, sell or sell short). The data below shows just the short sales each day in your stock. It includes both EXEMPT (market makers) and NON-EXEMPT (everyone else) short sales in ARCUTIS BIOTHERAPEUTICS, INC.. An average of 45.7% of the daily trading in ARQT is short selling. This is abnormally high and implies there is illicit trading taking place in your stock. We run automated surveillance and reporting algorithms that report manipulative market making and short selling (to FINRA, SEC, Whistleblower's Office and Dept of Treasury FINCEN). We then issue FINRA COMPLIANT research to our large user base to counteract this activity that is driving ARQT lower unfairly.

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
2025-08-07	2,158,830	4,350,082	49.63	14.39	31,065,564
2025-08-06	890,692	1,859,984	47.89	15.24	13,574,146
2025-08-05	654,847	1,838,264	35.62	15.15	9,920,932
2025-08-04	546,340	1,253,353	43.59	14.43	7,883,686
2025-08-01	776,165	1,672,100	46.42	14.3	11,099,160
2025-07-31	481,119	1,161,030	41.44	14.51	6,981,037
2025-07-30	560,561	1,495,178	37.49	14.78	8,285,092
2025-07-29	488,217	1,254,059	38.93	14.97	7,308,608
2025-07-28	586,992	1,408,449	41.68	15	8,804,880
2025-07-25	776,618	1,669,797	46.51	14.88	11,556,076
2025-07-24	568,722	1,204,957	47.2	15.03	8,547,892
2025-07-23	433,579	1,040,721	41.66	14.84	6,434,312
2025-07-22	565,884	1,325,504	42.69	14.5	8,205,318
2025-07-21	614,828	1,181,827	52.02	14.5	8,915,006
2025-07-18	691,196	1,651,644	41.85	14.88	10,284,996
2025-07-17	452,057	935,676	48.31	15.41	6,966,198
2025-07-16	726,165	1,733,185	41.9	15.39	11,175,679
2025-07-15	718,312	1,553,927	46.23	15.5	11,133,836
2025-07-14	769,644	1,948,916	39.49	15.71	12,091,107
2025-07-11	426,496	1,405,047	30.35	14.95	6,376,115
2025-07-10	366,640	2,332,747	15.72	15	5,499,600
2025-07-09	558,664	1,843,106	30.31	14.23	7,949,789
2025-07-08	409,519	1,451,764	28.21	13.67	5,598,125
2025-07-07	781,484	1,981,784	39.43	13.33	10,417,182
2025-07-03	336,339	777,823	43.24	13.77	4,631,388
2025-07-02	824,693	1,643,682	50.17	13.76	11,347,776
2025-07-01	579,128	1,614,541	35.87	13.93	8,067,253
2025-06-30	640,175	1,892,340	33.83	13.94	8,924,040
2025-06-27	1,064,815	2,251,102	47.3	13.84	14,737,040
2025-06-26	563,517	1,333,438	42.26	14.38	8,103,374
2025-06-25	878,803	2,156,714	40.75	14.41	12,663,551
2025-06-24	888,529	2,071,022	42.9	14.36	12,759,276
2025-06-23	1,130,599	3,170,238	35.66	14.27	16,133,648
2025-06-20	1,046,099	1,867,528	56.02	13.83	14,467,549
2025-06-18	1,168,468	2,333,051	50.08	13.64	15,937,904
2025-06-17	666,412	1,310,313	50.86	13.16	8,769,982
2025-06-16	699,794	1,994,221	35.09	13.38	9,363,244

Total	790,148,256	1,724,454,735	45.82	10.5	8,299,901,277

* Totals include all data records back to 2020-08-10 00:00:00, data set is truncated for viewing.