Cryptic crossword clue
Reversal of shares in spec had failed, leaving one short 12

The most common and most likely answer to this crossword clue is the 13 letter word CASH-STRAPPED

C
A
S
H
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S
T
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D

Buddy explains!

The straight part
We know that "short" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case short = cash-strapped.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does CASH-STRAPPED mean?

CASH-STRAPPED adjective
  1. Without funds; low on or out of money.

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