FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Sees Large Growth in Short Interest

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,464 shares, a growth of 71.2% from the November 30th total of 2,608 shares. Based on an average daily trading volume, of 8,471 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 8,471 shares, the days-to-cover ratio is currently 0.5 days.

FTAC Emerald Acquisition Stock Performance

FLDDW traded up $0.00 on Friday, hitting $0.18. The company had a trading volume of 21,089 shares, compared to its average volume of 43,691. The stock has a fifty day simple moving average of $0.29 and a 200-day simple moving average of $0.49. FTAC Emerald Acquisition has a 52-week low of $0.18 and a 52-week high of $1.38.

FTAC Emerald Acquisition (NASDAQ:FLDDW) last posted its earnings results on Thursday, May 15th. The company reported ($0.17) earnings per share for the quarter. The business had revenue of $7.09 million during the quarter.

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.