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

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the recipient of a large decrease in short interest during 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 currently 0.4 days. Based on an average daily volume of 6,148 shares, the days-to-cover ratio is currently 0.4 days.

FTAC Emerald Acquisition Trading Up 7.6%

FTAC Emerald Acquisition stock traded up $0.01 during midday trading on Friday, reaching $0.14. The company’s stock had a trading volume of 9,799 shares, compared to its average volume of 12,175. The stock’s 50-day simple moving average is $0.19 and its 200-day simple moving average is $0.38. FTAC Emerald Acquisition has a 52-week low of $0.10 and a 52-week high of $1.38.

About FTAC Emerald Acquisition

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.