FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Short Interest Update

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the recipient of a significant 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 volume of 18,288 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 18,288 shares, the days-to-cover ratio is currently 0.5 days.

FTAC Emerald Acquisition Stock Performance

FTAC Emerald Acquisition stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.16. The company’s stock had a trading volume of 21,665 shares, compared to its average volume of 15,951. FTAC Emerald Acquisition has a twelve month low of $0.08 and a twelve month high of $1.05. The business has a 50 day moving average price of $0.14 and a 200-day moving average price of $0.28.

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.