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 daily volume of 11,323 shares, the short-interest ratio is presently 0.2 days.

FTAC Emerald Acquisition Stock Down 6.4%

Shares of FLDDW traded down $0.01 during trading hours on Thursday, hitting $0.11. The company had a trading volume of 708 shares, compared to its average volume of 23,345. FTAC Emerald Acquisition has a 52-week low of $0.05 and a 52-week high of $0.59. The stock’s 50 day moving average price is $0.08 and its 200 day moving average price is $0.11.

FTAC Emerald Acquisition Company Profile

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.