As of Apr 28, 2023, First Republic Bank has 6,436,142 shares failed to deliver, representing 9.96% of the average daily volume of 64,633,037 shares. Over the past year, the monthly average FTD is 428,395 shares, with the current level 1402% above the historical average, indicating elevated settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.