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

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,303 shares, an increase of 57.1% from the September 15th total of 2,739 shares. Based on an average daily trading volume, of 5,510 shares, the short-interest ratio is presently 0.8 days.

FTAC Emerald Acquisition Price Performance

FTAC Emerald Acquisition stock traded down $0.00 during mid-day trading on Friday, reaching $0.09. 1,972 shares of the company were exchanged, compared to its average volume of 22,422. The company has a fifty day simple moving average of $0.08 and a 200-day simple moving average of $0.10. FTAC Emerald Acquisition has a 12 month low of $0.05 and a 12 month high of $0.55.

FTAC Emerald Acquisition Company Profile

FTAC Emerald Acquisition Corp. was a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more companies. Unlike an operating business, the company did not offer its own products or services during its search period.

The company focused broadly on opportunities in the financial services, financial technology, and related technology sectors. Its securities included units, common stock, and warrants; NASDAQ:FLDDW represented the company’s publicly traded warrants, which were designed to provide holders with the right to purchase shares under specified conditions.

FTAC Emerald was affiliated with the FTAC family of acquisition companies associated with financial technology investor Betsy Cohen.