CCOI Faces Potential Illicit Trading Concerns: Short Selling Exceeds Norm

The chart below shows ALL of the short selling each day in COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI). 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 COGENT COMMUNICATIONS HOLDINGS, INC.. An average of 41.14% of the daily trading in CCOI 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 CCOI 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	1,949,516	4,711,660	41.38	35.84	69,870,653
2025-08-06	531,259	1,233,366	43.07	44.42	23,598,525
2025-08-05	297,005	581,829	51.05	45.42	13,489,967
2025-08-04	241,519	521,711	46.29	45.29	10,938,396
2025-08-01	374,189	740,229	50.55	45.06	16,860,956
2025-07-31	478,963	899,591	53.24	45.86	21,965,243
2025-07-30	368,990	722,046	51.1	46.81	17,272,422
2025-07-29	247,919	521,651	47.53	47.21	11,704,256
2025-07-28	257,329	559,760	45.97	47.76	12,290,033
2025-07-25	265,775	483,257	55	48.65	12,929,954
2025-07-24	245,730	376,856	65.21	49.03	12,048,142
2025-07-23	189,322	365,651	51.78	50.04	9,473,673
2025-07-22	290,446	589,830	49.24	49.22	14,295,752
2025-07-21	474,127	1,158,428	40.93	48.21	22,857,663
2025-07-18	530,836	1,249,434	42.49	50.65	26,886,843
2025-07-17	353,571	616,358	57.36	52.96	18,725,120
2025-07-16	388,065	676,480	57.37	51.83	20,113,409
2025-07-15	234,578	418,840	56.01	50.17	11,768,778
2025-07-14	252,261	425,697	59.26	50.27	12,681,160
2025-07-11	226,901	438,992	51.69	49.8	11,299,670
2025-07-10	168,079	390,035	43.09	50.52	8,491,351
2025-07-09	200,326	417,485	47.98	49.34	9,884,085
2025-07-08	163,189	325,098	50.2	49.86	8,136,604
2025-07-07	188,529	390,143	48.32	49.28	9,290,709
2025-07-03	107,343	220,744	48.63	50.3	5,399,353
2025-07-02	213,422	371,098	57.51	50.51	10,779,945
2025-07-01	388,239	703,476	55.19	50.16	19,474,068
2025-06-30	245,800	486,512	50.52	48.14	11,832,812
2025-06-27	349,266	812,407	42.99	48.31	16,873,040
2025-06-26	302,493	597,422	50.63	48.09	14,546,888
2025-06-25	198,806	422,270	47.08	48.28	9,598,354
2025-06-24	327,390	688,478	47.55	49.2	16,107,588
2025-06-23	361,481	674,325	53.61	48.63	17,578,821
2025-06-20	977,644	2,060,872	47.44	47.68	46,614,066
2025-06-18	451,405	1,031,467	43.76	46.99	21,211,521
2025-06-17	379,269	702,481	53.99	47.22	17,909,082
2025-06-16	411,613	820,295	50.18	47.04	19,362,276

Total	190,602,861	458,577,748	41.56	63.23	12,051,315,155

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