As of Feb 28, 2023, Paya Inc. has 318,259 shares failed to deliver, representing 12.36% of the average daily volume of 2,574,039 shares. Over the past year, the monthly average FTD is 77,288 shares, with the current level 312% above the historical average, indicating elevated settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.