FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Sees Significant Growth in Short Interest

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

FTAC Emerald Acquisition Trading Down 0.3%

Shares of NASDAQ:FLDDW traded down $0.00 during midday trading on Friday, hitting $0.09. The company’s stock had a trading volume of 4,810 shares, compared to its average volume of 22,439. FTAC Emerald Acquisition has a fifty-two week low of $0.05 and a fifty-two week high of $0.55. The stock’s 50 day simple moving average is $0.08 and its 200 day simple moving average is $0.10.

FTAC Emerald Acquisition Company Profile

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.