As of Jul 14, 2025, LZ Technology Limited Class B Ordinary Shares has 46,522 shares failed to deliver, representing 7.66% of the average daily volume of 607,204 shares. Over the past year, the monthly average FTD is 65,264 shares, with the current level 29% below the historical average, indicating moderate settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.