Short Interest in FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) Decreases By 59.2%

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,920 shares, a drop of 59.2% from the January 29th total of 4,708 shares. Based on an average trading volume of 15,515 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 15,515 shares, the short-interest ratio is currently 0.1 days.

FTAC Emerald Acquisition Trading Up 15.7%

NASDAQ FLDDW traded up $0.02 during trading hours on Friday, hitting $0.14. 42,555 shares of the stock were exchanged, compared to its average volume of 13,861. FTAC Emerald Acquisition has a 12-month low of $0.08 and a 12-month high of $1.05. The stock has a 50-day moving average of $0.14 and a 200 day moving average of $0.31.

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.