Short Interest in FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Increases By 4,096.6%
by Jessica Moore · The Cerbat GemFTAC Emerald Acquisition Corp. (NASDAQ:FLDDW – Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 73,105 shares, an increase of 4,096.6% from the March 15th total of 1,742 shares. Based on an average daily volume of 39,471 shares, the days-to-cover ratio is presently 1.9 days.
FTAC Emerald Acquisition Price Performance
Shares of FTAC Emerald Acquisition stock traded down $0.01 during trading on Friday, reaching $0.09. 314,176 shares of the company’s stock were exchanged, compared to its average volume of 23,992. FTAC Emerald Acquisition has a 1-year low of $0.08 and a 1-year high of $0.98. The firm’s 50-day moving average price is $0.12 and its 200 day moving average price is $0.24.
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.