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

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,012 shares, a drop of 73.2% from the July 30th total of 18,702 shares. Based on an average daily volume of 5,651 shares, the short-interest ratio is currently 0.9 days.

FTAC Emerald Acquisition Stock Down 1.8%

Shares of FTAC Emerald Acquisition stock traded down $0.00 during trading on Friday, hitting $0.08. 1,245 shares of the stock traded hands, compared to its average volume of 24,485. The company has a fifty day moving average price of $0.09 and a two-hundred day moving average price of $0.11. FTAC Emerald Acquisition has a twelve month low of $0.06 and a twelve month high of $0.70.

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.