Short Interest in FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Expands By 451.8%

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 33,689 shares, a growth of 451.8% from the April 30th total of 6,105 shares. Based on an average trading volume of 21,185 shares, the short-interest ratio is currently 1.6 days.

FTAC Emerald Acquisition Stock Performance

Shares of FLDDW traded up $0.00 during trading on Thursday, reaching $0.10. The company’s stock had a trading volume of 23,730 shares, compared to its average volume of 30,129. FTAC Emerald Acquisition has a twelve month low of $0.08 and a twelve month high of $0.98. The company has a fifty day moving average of $0.13 and a two-hundred day moving average of $0.16.

About FTAC Emerald Acquisition

FTAC Emerald Acquisition Corp is a Delaware‐incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it has no commercial operations of its own and its sole business objective is to identify and complete an initial business combination. Funds raised in its initial public offering are held in a trust account until deployment in a qualifying transaction.

The company’s management team brings experience in merger and acquisition advisory, corporate finance and capital markets execution.