Short Interest in FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Decreases By 54.9%

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 2,362 shares, a decrease of 54.9% from the December 31st total of 5,239 shares. Based on an average daily volume of 6,148 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 6,148 shares, the days-to-cover ratio is presently 0.4 days.

FTAC Emerald Acquisition Trading Up 23.1%

Shares of FLDDW traded up $0.03 during midday trading on Thursday, hitting $0.16. 9,869 shares of the stock were exchanged, compared to its average volume of 10,725. FTAC Emerald Acquisition has a 52-week low of $0.10 and a 52-week high of $1.38. The stock has a fifty day simple moving average of $0.19 and a 200 day simple moving average of $0.39.

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.