RE:RE:RE:I am wondering if too stem the downdraftNo, meaning that I am speculating the fails-to-deliver are peaking right now. So speculating that there are a maximum of counterfeit shares on the market at the moment. Citron and others will likely reduce their naked shorts will reduce on Monday as they cover some of this when their evidence is presented.
Fails-to-deliver usually peak at or before a short attack is at it's worst, and then reduce as the shorts cover. They are a proxy for how many naked short sales there have been. Although, due to strategies shorts can utilize to roll over their naked short positions, they are usually a lower bound or underestimate of the actual number of naked short sales. They also do not include the number of shares legally sold short (borrowed and sold short).
You can take a look at daily historical fails-to-deliver here: https://failstodeliver.com/
If you select the 'Dump Fails Raw Data' you can look at it on a daily basis and compare it to the actual volume to get an indication of the scale of the short attack, and how many shares have been fabricated as part of the attack (essentially a naked short is a fabricated or counterfeit share as it has been sold but never borrowed). It can be fun to compare these numbers to past known short attacks as it gives you a good profile as to when they naked short and when they cover,