FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW – Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 6,057 shares, a drop of 91.7% from the March 31st total of 73,105 shares. Based on an average trading volume of 46,890 shares, the short-interest ratio is currently 0.1 days.
FTAC Emerald Acquisition Trading Up 17.1%
NASDAQ FLDDW traded up $0.02 during trading hours on Friday, reaching $0.16. 8,324 shares of the company’s stock traded hands, compared to its average volume of 25,098. FTAC Emerald Acquisition has a 52-week low of $0.08 and a 52-week high of $0.98. The firm has a 50-day simple moving average of $0.12 and a 200 day simple moving average of $0.21.
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.
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