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The number of “fails to deliver” for AMC Stock has once again risen. With Millions and millions of FTDs reported in October, there are more red flags being raised with this new data for October 2022.
According to Wikipedia: In finance, a failure to deliver is the inability of a party to deliver a tradable asset or meet a contractual obligation. A typical example is the failure to deliver shares as part of a short transaction.
Things to note with failure to delivers (FTD) *Source Investopedia*
- Failure to deliver (FTD) refers to not being able to meet one’s trading obligations.
- In the case of buyers, it means not having the cash; in the case of sellers, it means not having the goods.
- The reckoning of these obligations occurs at trade settlement.
- Failure to deliver can occur in derivatives contracts or when selling short naked.
Traders and small-time investors generally pay close attention to failure-to-deliver statistics. Many investors have the suspicion that some businesses have been the victims of fraudulent short-selling techniques like naked shorting, which have negatively impacted the performance of their stocks. This is something that retail investors known as apes are watching closely.
| Date | Failure to Deliver | Price | Amount (FTD x $) | T+35 Date |
|---|---|---|---|---|
| 2022-10-14 | 1,640,155 | $6.04 | $9,906,536 | 2022-11-18 |
| 2022-10-13 | 604,860 | $5.85 | $3,538,431 | 2022-11-17 |
| 2022-10-12 | 796,475 | $6.12 | $4,874,427 | 2022-11-16 |
| 2022-10-11 | 1,112,622 | $6.35 | $7,065,149 | 2022-11-15 |
| 2022-10-07 | 1,036,273 | $7.12 | $7,378,263 | 2022-11-11 |
| 2022-10-06 | 1,040,358 | $7.33 | $7,625,824 | 2022-11-10 |
| 2022-10-05 | 986,775 | $7.83 | $7,726,448 | 2022-11-09 |
| 2022-10-04 | 952,588 | $6.88 | $6,553,805 | 2022-11-08 |
| 2022-10-03 | 765,209 | $6.97 | $5,333,506 | 2022-11-07 |
The October fails to deliver are once again on the higher end of what have been reported in the last few years, but until now it doesn’t seem like these numbers are raising red flags for the SEC or other in charge of trading.