FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Short Interest Up 385.1% in February

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 9,314 shares, an increase of 385.1% from the February 12th total of 1,920 shares. Based on an average daily trading volume, of 18,288 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 18,288 shares, the short-interest ratio is currently 0.5 days.

FTAC Emerald Acquisition Stock Performance

FLDDW opened at $0.16 on Wednesday. The firm’s fifty day moving average is $0.14 and its 200 day moving average is $0.28. FTAC Emerald Acquisition has a fifty-two week low of $0.08 and a fifty-two week high of $1.05.

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.