FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Stock Short Interest Rises 57.1%

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 4,303 shares, a growth of 57.1% from the September 15th total of 2,739 shares. Based on an average daily trading volume, of 5,510 shares, the days-to-cover ratio is currently 0.8 days.

FTAC Emerald Acquisition Stock Performance

Shares of FLDDW opened at $0.09 on Friday. FTAC Emerald Acquisition has a 1 year low of $0.05 and a 1 year high of $0.55. The stock’s fifty day moving average price is $0.08 and its two-hundred day moving average price is $0.10.

About FTAC Emerald Acquisition

FTAC Emerald Acquisition Corp. was a special purpose acquisition company formed to identify and combine with a business in the financial services, fintech, or related technology sectors. As a blank-check company, it did not operate a conventional product or service business before completing a business combination.

The company was sponsored by an affiliate of the FTAC organization, which has been associated with investor and financial-services executive Betsy Z. Cohen. Its securities included units, common stock and warrants traded on Nasdaq, including the warrant security identified by the symbol FLDDW.

FTAC Emerald later entered into a business combination agreement with Fold, Inc, a financial technology company focused on bitcoin-related financial services.