FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Short Interest Down 73.2% in August

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 5,012 shares, a decline of 73.2% from the July 30th total of 18,702 shares. Based on an average daily trading volume, of 5,651 shares, the days-to-cover ratio is presently 0.9 days.

FTAC Emerald Acquisition Price Performance

FLDDW stock traded up $0.00 during midday trading on Thursday, hitting $0.08. 16,648 shares of the company’s stock were exchanged, compared to its average volume of 24,645. The firm has a 50 day moving average price of $0.09 and a 200-day moving average price of $0.11. FTAC Emerald Acquisition has a 12-month low of $0.06 and a 12-month high of $0.70.

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.