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

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 18,702 shares, a drop of 47.7% from the July 15th total of 35,791 shares. Based on an average daily trading volume, of 6,984 shares, the short-interest ratio is presently 2.7 days.

FTAC Emerald Acquisition Stock Performance

NASDAQ:FLDDW traded up $0.00 during mid-day trading on Tuesday, reaching $0.08. The stock had a trading volume of 508 shares, compared to its average volume of 25,176. The firm has a 50 day moving average price of $0.10 and a two-hundred day moving average price of $0.11. FTAC Emerald Acquisition has a one year low of $0.06 and a one year 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.