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

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

FTAC Emerald Acquisition Stock Down 10.0%

FLDDW stock traded down $0.01 during trading on Wednesday, hitting $0.10. 861 shares of the company traded hands, compared to its average volume of 23,489. FTAC Emerald Acquisition has a 1 year low of $0.05 and a 1 year high of $0.59. The stock’s 50-day simple moving average is $0.08 and its 200 day simple moving average is $0.11.

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.