FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Short Interest Up 71.2% in December

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 4,464 shares, an increase of 71.2% from the November 30th total of 2,608 shares. Based on an average daily volume of 8,471 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 8,471 shares, the short-interest ratio is presently 0.5 days.

FTAC Emerald Acquisition Price Performance

Shares of NASDAQ:FLDDW traded up $0.01 during midday trading on Monday, hitting $0.19. The company had a trading volume of 907 shares, compared to its average volume of 43,514. FTAC Emerald Acquisition has a twelve month low of $0.16 and a twelve month high of $1.38. The business’s 50-day simple moving average is $0.29 and its 200-day simple moving average is $0.48.

FTAC Emerald Acquisition (NASDAQ:FLDDW) last issued its earnings results on Thursday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $7.09 million during the quarter.

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.