Analysis: MSTR worth $180 million failed to complete delivery in March, and the stock price may experience significant fluctuations

BlockBeats news, on April 23rd, according to Coindesk, traders who short MicroStrategy (MSTR) may be facing a stock shortage, with MSTR's stock price rising 13% in March, making it difficult for bears to replenish stocks and return them to brokers in a timely manner. According to data from the US Securities and Exchange Commission (SEC) and Fintel, a transaction worth over $180 million in MSTR stock last month failed to complete delivery. This' delivery failure '(FTD) phenomenon usually occurs when the seller fails to deliver the stock before the T+1 settlement date. Delivery failure may be due to operational errors or settlement system delays, but it may also imply that bears are facing a "restocking difficulty" - when they borrow stocks and sell them, if the stock price does not fall but rises, they need to buy back the stocks at a higher price to return to the broker. This situation often indicates that the stock price is about to experience significant fluctuations. At present, the short position in the stock is still at a high level. Fintel data shows that as of April, there were approximately 29 million short positions, accounting for over 12% of the outstanding shares.