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

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,742 shares, a decline of 81.3% from the February 26th total of 9,314 shares. Based on an average trading volume of 18,568 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 18,568 shares, the short-interest ratio is currently 0.1 days.

FTAC Emerald Acquisition Trading Down 1.6%

FLDDW traded down $0.00 during trading hours on Tuesday, hitting $0.12. The stock had a trading volume of 31,959 shares, compared to its average volume of 19,064. FTAC Emerald Acquisition has a 1 year low of $0.08 and a 1 year high of $1.00. The company’s fifty day simple moving average is $0.12 and its 200 day simple moving average is $0.26.

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.