Replies to post #64713 on Paychest Inc (PYCT)

[Brad S]

check out the following FTD stats.

Once again, they're daily short sales and not FTD stats. As noted below, a naked short sale doesn't become an FTD unless it's not delivered within the 3 day settlement period.

In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. 3 As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail").