As of Jul 14, 2025, Churchill Capital Corp IX Warrant has 1,175 shares failed to deliver, representing 2.92% of the average daily volume of 40,299.44 shares. Over the past year, the monthly average FTD is 7,651 shares, with the current level 85% below the historical average, indicating low settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.