As of Jul 11, 2025, TCTM Kids IT Education ADR has 9,612 shares failed to deliver, representing 5.76% of the average daily volume of 166,962 shares. Over the past year, the monthly average FTD is 8,348 shares, with the current level 15% above the historical average, indicating moderate settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.