FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Short Interest Update

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,739 shares, a decrease of 43.6% from the August 31st total of 4,853 shares. Based on an average daily trading volume, of 11,323 shares, the days-to-cover ratio is presently 0.2 days.

FTAC Emerald Acquisition Trading Down 6.4%

Shares of FLDDW stock opened at $0.11 on Friday. The company has a fifty day moving average price of $0.08 and a two-hundred day moving average price of $0.10. FTAC Emerald Acquisition has a one year low of $0.05 and a one year high of $0.59.

About FTAC Emerald Acquisition

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.