Stablecoin Development (SDEV)

Stablecoin Development on one page: short interest, daily short volume, fails to deliver, large holders, 13F holders, financials, earnings dates and insider trades. Listed on NYSE, classified by the SEC as finance services.

Download CSV

1.3M

Short interest

settlement 2026-10-15

1.0

Days to cover

unchanged vs prior

43.0%

Short share of volume

2026-10-28

397,113

Fails to deliver

settlement 2026-09-30

Mon 5 Apr

Next earnings

estimated date

Insider flow, 90 days

0 buys, 0 sells

As of 2026-10-28.

Short interest

FINRA, twice a month. The newest 48 settlements in the table, 48 in the chart. JSON

As of 15 October 2026, short interest in SDEV is 1,272,208 shares, up 60,056 shares over the last month. Over the last 48 readings it ranged from 60 shares (28 September 2018) to 3,436,239 shares (30 September 2026). At the reported average volume of 47.1M shares a day that is 1.0 days to cover.

Embed this chart.The embed keeps its attribution line.

<iframe src="https://xoomar.com/embed/stocks/sdev" width="100%" height="440" style="border:0;max-width:100%" loading="lazy" title="XOOMAR chart"></iframe>

Preview Dark previewAdd ?theme=dark to the src for a dark chart.

Settlement	Shares short	Change	Avg daily volume	Days to cover
2026-10-15	1,272,208	-63.0%	47,124,897	1.00
2026-09-30	3,436,239	+183.5%	23,992,355	1.00
2026-09-15	1,212,152	+2.9%	275,285	4.40
2026-08-31	1,177,802	+219.0%	2,083,888	1.00
2026-08-14	369,236	-2.4%	102,915	3.59
2026-07-31	378,425	-30.8%	91,671	4.13
2026-07-15	546,728	+103.0%	3,493,325	1.00
2026-06-30	269,293	-31.2%	159,200	1.69
2026-06-15	391,636	+33.3%	322,037	1.22
2026-05-29	293,894	-23.3%	743,659	1.00
2026-05-15	383,003	-17.5%	110,221	3.47
2026-04-30	464,405	+2.5%	120,402	3.86
2026-04-15	453,151	-30.0%	262,482	1.73
2020-02-28	10,541	+311.0%	64,588	1.00
2020-02-14	2,565	-36.9%	19,185	1.00
2020-01-31	4,065	-50.6%	28,570	1.00
2020-01-15	8,231	+33.0%	29,684	1.00
2019-12-31	6,191	+60.1%	61,849	1.00
2019-12-13	3,866	+100.0%	70,032	1.00
2019-11-15	2,171	+100.0%	65,921	1.00
2019-10-15	4,130	-29.0%	19,428	1.00
2019-09-30	5,816	-62.3%	189,724	1.00
2019-09-13	15,413	+251.3%	53,773	1.00
2019-08-30	4,388	+338.8%	6,452	1.00
2019-08-15	1,000	+0.0%	27,136	1.00
2019-07-31	1,000	+0.0%	28,131	1.00
2019-07-15	1,000	-16.5%	10,203	1.00
2019-06-28	1,198	+111.7%	12,234	1.00
2019-06-14	566	+13.2%	83,735	1.00
2019-05-31	500	+100.0%	7,355	1.00
2019-04-30	303	+100.0%	5,674	1.00
2019-03-29	2,184	+468.8%	3,118	1.00
2019-03-15	384	-96.7%	34,423	1.00
2019-02-28	11,661	+0.0%	27,700	1.00
2019-02-15	11,661	-0.3%	11,260	1.04
2019-01-31	11,695	-4.1%	17,023	1.00
2019-01-15	12,195	+4.6%	10,796	1.13
2018-12-31	11,661	-7.4%	6,145	1.90
2018-12-14	12,595	-11.1%	18,144	1.00
2018-11-30	14,161	-10.7%	13,873	1.02
2018-11-15	15,861	+100.0%	164,338	1.00
2018-10-15	465	+675.0%	27,870	1.00
2018-09-28	60	-88.0%	7,280	1.00
2018-09-14	500	+0.0%	17,136	1.00
2018-08-31	500	-50.0%	5,733	1.00
2018-08-15	1,000	-88.2%	6,659	1.00
2018-07-31	8,500	+1600.0%	68,207	1.00
2018-07-13	500	-98.5%	77,922	1.00

Daily short volume

FINRA Reg SHO, the last 30 sessions. JSON

As of 28 October 2026, the short share of SDEV volume is 43.0%, down 5.5 points over the last five sessions. Over the last 30 readings it ranged from 21.2% (13 October 2026) to 63.2% (21 September 2026). The latest reading is 5.2 points below the 30-session average of 48.3%, on 3.5M shares reported.

Date	Short volume	Total volume	Short share	Exempt
2026-10-28	1.5M	3.5M	43.0%	5,875
2026-10-27	10.4M	17.9M	58.1%	3,320,404
2026-10-26	1.2M	2.4M	48.6%	433,647
2026-10-23	1.6M	3.4M	47.7%	534,429
2026-10-22	6.3M	12.3M	51.0%	1,122,468
2026-10-21	38.3M	78.9M	48.6%	503,332
2026-10-20	1.5M	2.7M	54.4%	2,959
2026-10-19	4.9M	9.0M	54.0%	1,325,327
2026-10-16	905K	2.2M	41.8%	116,654
2026-10-15	3.0M	7.7M	39.1%	307,667
2026-10-14	960K	2.7M	36.2%	46,693
2026-10-13	674K	3.2M	21.2%	75,965
2026-10-12	864K	2.9M	29.7%	67,858
2026-10-09	1.7M	6.5M	26.3%	103,231
2026-10-08	4.7M	9.3M	50.7%	978,620
2026-10-07	5.1M	10.3M	49.2%	1,036,933
2026-10-06	7.4M	17.1M	43.0%	1,745,666
2026-10-05	14.5M	27.0M	53.4%	3,222,092
2026-10-02	38.4M	70.7M	54.3%	339,168
2026-10-01	27.3M	49.2M	55.5%	7,248,123
2026-09-30	7.2M	13.6M	52.9%	1,797,073
2026-09-29	56.9M	100.1M	56.9%	765,288
2026-09-28	1.7M	3.4M	49.1%	12,221
2026-09-25	3.1M	5.7M	54.1%	57,695
2026-09-24	542K	1.0M	54.0%	85,651
2026-09-23	140K	358K	39.2%	34,799
2026-09-22	643K	1.2M	55.7%	25,062
2026-09-21	315K	498K	63.2%	200
2026-09-18	778K	1.3M	61.0%	3,251
2026-09-17	75K	132K	56.6%	66

Fails to deliver

SEC, the last 30 settlement dates with a fail. JSON

As of 30 September 2026, the fails-to-deliver balance in SDEV is 397,113 shares, up 113,687 shares over the last settlement date. Over the last 30 readings it ranged from 1 share (11 August 2026) to 397,113 shares (30 September 2026). The latest reading sits at the top of that range.

Settlement	Shares failed	Price	Value
2026-09-30	397,113	$3.27	$1.3M
2026-09-29	283,426	$1.57	$445K
2026-09-28	383,343	$1.49	$571K
2026-09-25	20,239	$1.29	$26K
2026-09-24	18,238	$1.12	$20K
2026-09-23	24,694	$1.27	$31K
2026-09-22	64,075	$1.00	$64K
2026-09-21	74,620	$1.04	$78K
2026-09-18	9,596	$0.84	$8K
2026-09-14	166	$0.89	$148
2026-09-11	10,420	$0.86	$9K
2026-09-10	2,648	$0.88	$2K
2026-09-09	10,503	$0.87	$9K
2026-09-08	18,671	$0.89	$17K
2026-09-04	13	$0.89	$12
2026-09-01	22,286	$0.95	$21K
2026-08-31	25,302	$0.93	$24K
2026-08-28	6,936	$0.98	$7K
2026-08-27	12,671	$0.97	$12K
2026-08-26	13,470	$1.04	$14K
2026-08-25	13,575	$1.12	$15K
2026-08-24	291	$1.14	$332
2026-08-21	2,961	$1.12	$3K
2026-08-11	1	$1.02	$1
2026-08-04	341	$1.11	$379
2026-08-03	1,651	$1.15	$2K
2026-07-31	4,051	$1.18	$5K
2026-07-30	4,051	$1.13	$5K
2026-07-29	2,351	$1.15	$3K
2026-07-24	2,328	$1.13	$3K

Insider trades

SEC Form 4, newest first. JSON

No open-market insider trades were reported for SDEV in the last 90 days. The most recent filings are listed below. Latest filing: R01 Capital Manager LLC (TenPercentOwner) on 2026-06-15.

Date	Insider	Title	Type	Shares	Price	Value	Owned after
2026-06-15	R01 Capital Manager LLC	TenPercentOwner	Exercise (in or at the money)	11.3M	$0.00	$0	22.7M
2026-06-15	R01 Capital Manager LLC	TenPercentOwner	Sell	25K	$1.09	$27K	22.7M
2026-06-15	Framework Ventures Management LLC	TenPercentOwner	Exercise (in or at the money)	11.3M	$0.00	$0	22.7M
2026-06-15	Framework Ventures Management LLC	TenPercentOwner	Sell	25K	$1.09	$27K	22.7M
2026-06-15	Kazley Michael John	Chief Executive Officer	Sell	25K	$1.09	$27K	22.7M
2026-06-15	Kazley Michael John	Chief Executive Officer	Exercise (in or at the money)	11.3M	$0.00	$0	22.7M
2026-06-15	Framework Ventures IV L.P.	10% owner	Sell	25K	$1.09	$27K	22.7M
2026-06-15	Framework Ventures IV L.P.	10% owner	Exercise (in or at the money)	11.3M	$0.00	$27K	22.7M
2025-10-21	R01 Fund LP	Chief Executive Officer	Conversion	11.4M	$0.00	$0	11.4M
2025-10-21	Framework Ventures IV L.P.	TenPercentOwner	Conversion	11.4M	$0.00	$0	11.4M
2025-10-21	Kazley Michael John	Chief Executive Officer	Conversion	11.4M	$0.00	$0	11.4M

Form 4 filings are due within two business days of the trade. Insiders sell for many reasons that say nothing about the company; open-market buys are rarer.

Large holders (13D and 13G)

One row per reporting person with its latest filing, newest first. JSON

16 holders report 5% or more of SDEV in their latest filing, 13 on Schedule 13D (active intent). The largest reported stake is Kazley Michael John at 52.4% of the class (53,627,330 shares), filed 2026-07-24 for an event on 2026-07-18.

Filed	Form	Holder	Shares	Of class	Event
2026-08-21	13D/Ano. 2	Sky Frontier Foundationother entity	5.6M	9.9%	2026-08-17
2026-08-17	13G/Ano. 1	Giancarlo Devasiniindividual	5.6M	10.0%	2026-06-30
2026-08-17	13G/Ano. 1	Tether Global Investments Fund, S.I.C.A.F., S.A.other entity	5.6M	10.0%	2026-06-30
2026-08-17	13G/Ano. 1	Tether Investments, S.A. de C.V.corporation	5.6M	10.0%	2026-06-30
2026-07-24	13D/Ano. 6	Spencer Vanceindividual	47.7M	46.6%	2026-07-18
2026-07-24	13D/Ano. 6	Framework Ventures IV GP LLCother entity	47.7M	46.6%	2026-07-18
2026-07-24	13D/Ano. 6	Anderson Michael Ernestindividual	47.7M	46.6%	2026-07-18
2026-07-24	13D/Ano. 6	Framework Ventures IV L.P.partnership	47.7M	46.6%	2026-07-18
2026-07-24	13D/Ano. 6	Framework Ventures Management LLCother entity	47.7M	46.6%	2026-07-18
2026-07-24	13D/Ano. 7	Kazley Michael Johnindividual	53.6M	52.4%	2026-07-18
2026-07-24	13D/Ano. 7	R01 Fund LPpartnership	49.5M	48.4%	2026-07-18
2026-07-24	13D/Ano. 7	R01 Capital LLCother entity	49.5M	48.4%	2026-07-18
2026-07-24	13D/Ano. 7	R01 Capital Manager LLCother entity	49.5M	48.4%	2026-07-18
2026-05-19	13D/Ano. 4	Vance Spencerindividual	32.7M	46.4%	2026-05-17
2026-05-19	13D/Ano. 4	Michael Ernest Andersonindividual	32.7M	46.4%	2026-05-17
2026-05-19	13D/Ano. 5	Michael Kazleyindividual	37.5M	50.3%	2026-05-17
2026-03-11	13D/Ano. 3	Poplar Point Capital GP LLCparent holding company	1.0M	0.8%	2025-10-20
2026-03-11	13D/Ano. 3	Jad Fakhryindividual	1.0M	0.8%	2025-10-20
2026-03-11	13D/Ano. 3	Poplar Point Capital Management LLCinvestment adviser	1.0M	0.8%	2025-10-20
2026-03-11	13D/Ano. 3	Poplar Point Capital Partners LPpartnership	1.0M	0.8%	2025-10-20
2026-01-29	13D/Ano. 2	David E. Lazarindividual	6.4M	5.0%	2025-10-21

13F holders

Tracked managers holding SDEV at their latest 13F. JSON

2 of the 30 tracked managers held SDEV at their latest 13F, $40K in total at quarter-end prices. Renaissance Technologies is the largest at $27K (0.0% of its portfolio) as of 2026-06-30. Over the prior quarter 0 added shares and 2 cut.

Fund	Quarter	Shares	Value	Of portfolio	Change in shares
Renaissance Technologies	2026-06-30	26K	$27K	0.00%	-57K
Two Sigma Investments	2026-06-30	12K	$13K	0.00%	-12K

Only the 30 tracked managers on the funds hub; a 13F reports long positions in US listed stock at quarter end, 45 days late, and says nothing about shorts or positions sold since.

Financials

SEC XBRL, as filed. JSON

In FY 2025 it generated -$8.4M of operating cash flow and spent $4.8M on dividends.

Cash: $7.0M
Equity: $127.2M
Total assets: $127.5M
Shares outstanding: 50,615,437

Quarterly, last 8 quarters

Quarter	Period end	Revenue	Net income	Margin	Diluted EPS
Q2 FY 2026	2026-06-30	n/a	-$41.1M	n/a	-1.32
Q1 FY 2026	2026-03-31	n/a	$552.4M	n/a	3.33
Q4 FY 2025derived	2025-12-31	n/a	-$635.2M	n/a	n/a
Q3 FY 2025	2025-09-30	n/a	-$1.3M	n/a	-0.22
Q2 FY 2025	2025-06-30	n/a	-$1.9M	n/a	-1.65
Q1 FY 2025	2025-03-31	n/a	$7.7M	n/a	7.08
Q4 FY 2024derived	2024-12-31	n/a	-$1.2M	n/a	n/a
Q3 FY 2024	2024-09-30	n/a	-$1.2M	n/a	-1.92

Fiscal years, with buybacks and dividends

Fiscal year	Ends	Revenue	Net income	Operating cash flow	Capex	Buybacks	Dividends
FY 2025	2025-12-31	n/a	-$630.8M	-$8.4M	n/a	n/a	$4.8M
FY 2024	2024-12-31	n/a	-$7.2M	-$7.5M	$6K	n/a	$0
FY 2023	2023-12-31	n/a	-$9.6M	-$4.1M	$19K	n/a	n/a
FY 2022	2022-12-31	n/a	-$10.6M	-$6.7M	$112K	n/a	n/a
FY 2021	2021-12-31	n/a	-$5.8M	-$9.2M	$52K	n/a	n/a

Quarters are the three-month figures the company reports; a fourth quarter marked derived is the fiscal year less the three reported quarters, since companies report it only inside the 10-K. Fiscal years are the annual figures. Buybacks are the cash the company paid to repurchase its common stock in the year, not the amount authorized. Balance sheet lines are as of 2026-06-30; shares outstanding as of 2026-07-27 from the cover page.

What this page is

Stablecoin Development in the regulatory record

Regulators publish company data in separate files that never sit next to each other: FINRA's twice-monthly short interest, its daily short sale volume, the SEC's fails-to-deliver counts, and each insider's Form 4. A company page puts those series for one ticker on one URL, with planned sales, large holders, 13F holders and financials beside them, so the short position, the daily flow, the settlement fails and what insiders are doing can be read together.

Each section has its own history table, a one-line summary of the latest figures and its own JSON and CSV links, and says when its source last updated.

This page follows Stablecoin Development (SDEV), SEC CIK 1389545, listed on NYSE, classified by the SEC as finance services. The cross-market tables live on the short interest and insider transactions hubs.

Source and updates

Short interest: FINRA consolidated short interestSource: FINRA.Twice a month, about eight business days after settlement. Latest 2026-10-15.JSON and CSV
Daily short volume: FINRA Reg SHO daily filesSource: FINRA.Every trading day, the morning after FINRA posts it. Latest 2026-10-28.JSON and CSV
Fails to deliver: SEC fails-to-deliver dataSource: SEC.Twice a month, a few weeks after the half month ends. Latest 2026-09-30.JSON and CSV
Large holders: SEC EDGAR Schedule 13D and 13GSource: SEC.New filings appear shortly after the SEC posts them. A 13D is due within five business days of crossing 5%; a 13G follows the passive schedule. Latest 2026-08-21.JSON and CSV
13F holders: SEC EDGAR Form 13F-HRSource: SEC.Quarterly, filed within 45 days of quarter end; 30 tracked managers. Latest 2026-06-30.JSON and CSV
Financials: SEC EDGAR 10-K and 10-Q filingsSource: SEC.Weekly; values are as filed in the 10-Q and 10-K. Latest 2026-06-30.JSON and CSV
Earnings dates: SEC EDGAR 8-K filings (Item 2.02)Source: SEC.Twice a day. Reported dates come from the company's 8-K filings; the next date is marked as an estimate until the 8-K arrives. Latest 2026-10-05.JSON and CSV
Insider trades: SEC EDGAR Form 4Source: SEC.New filings appear shortly after the SEC posts them; they're due two business days after the trade. Latest 2026-06-15.JSON and CSV
Company record: EDGAR filing index for CIK 1389545Ticker, name and exchange from the SEC's company list, refreshed weekly.
Rate limits: 10 requests a minute without a key, 30 with a free key from a free account.

How to read it

Read the position against the flow: rising short interest with a high daily short share is new shorting; rising short interest with a normal short share is old shorts holding on.
Insider buys next to a large short position are rare and stand out; insider sells next to one are common and mean little.
Fails to deliver matter relative to the float, not in absolute shares; a million failed shares in a mega cap is noise.

Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.

Other companies the SEC classifies as finance services

Other company pages

Datasets

Frequently Asked Questions

How much of SDEV is sold short?

1,272,208 shares were held short at the 2026-10-15 settlement, 1.0 days of average volume. FINRA publishes the next count about eight business days after the 15th and the last business day of the month.

What is SDEV's daily short volume?

On 2026-10-28, 1,506,550 of the 3,499,889 SDEV shares reported to FINRA were sold short, 43.0% of the day's reported volume. Short volume is a flow for one day, not a position.

Does SDEV have fails to deliver?

The SEC's latest file shows 397,113 SDEV shares failed to deliver at settlement 2026-09-30. Fails are reported per settlement date and published twice a month with a lag.

Are SDEV insiders buying or selling?

No open-market insider trades were reported for SDEV in the last 90 days. The most recent filings are listed below. Latest filing: R01 Capital Manager LLC (TenPercentOwner) on 2026-06-15.

Who owns 5% or more of SDEV?

What did SDEV report last quarter?

In FY 2025 it generated -$8.4M of operating cash flow and spent $4.8M on dividends.

Which tracked 13F managers own SDEV?

2 of the 30 tracked 13F managers held SDEV shares at their latest filing, $40K in all. The largest: Renaissance Technologies (26K shares, $27K), Two Sigma Investments (12K shares, $13K).

Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.