Failure to Deliver

Failure to Deliver (FTD) data is retrieved from the US Securities and Exchange Commission (SEC).

What is the T+35 theory? As quoted from SEC: "If a FTD position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity."

In the event of FTD surges (example: FTD Quantity more than 1 million/more than 90th percentile of FTD Amount and at least 100k FTD) for stocks that are heavily shorted such as AMC and GME, on T+35 date, stocks might experience a surge in price action. You can refer to this post on Reddit for more information.

Stocks with High/Consistent FTD: View More

Red colored rows means higher FTD
Date Failure to Deliver Price Amount (FTD x $) T+35 Date
2023-02-28 518251.000 20.23 10484217 2023-04-04
2023-02-27 49993.000 24.00 1199832 2023-04-03
2023-02-24 108573.000 20.30 2204031 2023-03-31
2023-02-23 90531.000 81.99 7422636 2023-03-30
2023-02-22 95809.000 37.89 3630203 2023-03-29
2023-02-21 91707.000 40.70 3732474 2023-03-28
2023-02-17 5372.000 44.77 240504 2023-03-24
2023-02-16 487.000 12.74 6204 2023-03-23
2023-02-15 4483.000 10.08 45188 2023-03-22
2023-02-14 8096.000 10.42 84360 2023-03-21

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Data from: sec.gov