FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Short Interest Up 451.8% in May

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 33,689 shares, a growth of 451.8% from the April 30th total of 6,105 shares. Based on an average daily volume of 21,185 shares, the short-interest ratio is currently 1.6 days.

FTAC Emerald Acquisition Stock Down 3.8%

Shares of FLDDW traded down $0.00 during trading hours on Friday, hitting $0.09. The company had a trading volume of 14,767 shares, compared to its average volume of 30,353. The stock’s 50 day moving average price is $0.13 and its 200 day moving average price is $0.16. FTAC Emerald Acquisition has a 52-week low of $0.08 and a 52-week high of $0.98.

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.