As of Dec 28, 2023, Denali Capital Acquisition Corp. has 454 shares failed to deliver, representing 199.12% of the average daily volume of 228 shares. Over the past year, the monthly average FTD is 203 shares, with the current level 124% above the historical average, indicating elevated settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.