MSTR's $180 million in March delivery failure may indicate a sharp stock price fluctuation

Odaily News According to data from the U.S. Securities and Exchange Commission and Fintel, more than 609,000 shares of MSTR stock failed to be delivered in March, with a nominal value of more than $180 million. This "failure to deliver" (FTD) phenomenon usually occurs when the seller fails to deliver the stock before the T+1 settlement date. Failure to deliver may be due to operational errors or delays in the settlement system, but it may also indicate that short sellers are experiencing "difficulty in replenishing their stocks", that is, when short sellers borrow stocks to sell, if the stock price does not fall but rises, they need to buy back the stocks at a higher price and return them to the broker. This situation often indicates that the stock price is about to fluctuate sharply. (Coindesk)