Short Interest in FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Drops By 59.2%

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,920 shares, a decline of 59.2% from the January 29th total of 4,708 shares. Based on an average daily volume of 15,515 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 15,515 shares, the short-interest ratio is presently 0.1 days.

FTAC Emerald Acquisition Price Performance

Shares of NASDAQ:FLDDW remained flat at $0.12 during trading on Friday. The company’s stock had a trading volume of 44,568 shares, compared to its average volume of 14,920. FTAC Emerald Acquisition has a 12-month low of $0.08 and a 12-month high of $1.05. The firm’s 50-day moving average is $0.14 and its 200 day moving average is $0.30.

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.