Short Interest in FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Rises By 385.1%

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 9,314 shares, a growth of 385.1% from the February 12th total of 1,920 shares. Based on an average daily trading volume, of 18,288 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 18,288 shares, the short-interest ratio is presently 0.5 days.

FTAC Emerald Acquisition Trading Up 3.2%

Shares of FLDDW stock traded up $0.00 on Thursday, reaching $0.14. 4,343 shares of the stock were exchanged, compared to its average volume of 15,943. FTAC Emerald Acquisition has a one year low of $0.08 and a one year high of $1.05. The stock has a 50 day moving average price of $0.14 and a 200 day moving average price of $0.28.

FTAC Emerald Acquisition Company Profile

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.