Naked Shorts ??The key stats are the fails-to-deliver numbers for naked shorting without having first pre-borrowed the shares and unable to cover. Alternatively, an investor bought but couldn’t come up with the cash to cover.
SEC states the following:
“...Please note that fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-mdeliver are not necessarily the result of short selling, and are not evidence of abusive short selling or “naked” short selling”.