Analysis: MSTR failed to complete the delivery of $180 million in March, and the stock price may fluctuate sharply

Mars Finance News, on April 23, according to Coindesk, traders shorting MicroStrategy (MSTR) may be facing a stock shortage dilemma. MSTR stock rose 13% in March, making it difficult for short sellers to timely repurchase stocks to return to brokers. According to SEC and Fintel data, over $180 million worth of MSTR stock trades last month failed to be settled. This "delivery failure" (FTD) typically occurs when sellers fail to deliver stocks before the T+1 settlement date. Delivery failures may result from operational errors or settlement system delays, but could also suggest that short sellers are experiencing difficulties in "restocking" - when short sellers sell borrowed stocks, and if the stock price rises instead of falling, they need to buy back stocks at a higher price to return to brokers. Such a situation often signals potential significant stock price volatility. Currently, the stock's short positions remain at a high level. Fintel data shows that as of April, short positions are around 29 million shares, accounting for over 12% of circulating shares.