As of Jun 6, 2025, HCM II Acquisition Corp. has 62,376 shares failed to deliver, representing 11.63% of the average daily volume of 536,148 shares. Over the past year, the monthly average FTD is 10,290 shares, with the current level 506% above the historical average, indicating elevated settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.