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

FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 6,057 shares, a decline of 91.7% from the March 31st total of 73,105 shares. Based on an average daily trading volume, of 46,890 shares, the short-interest ratio is presently 0.1 days.

FTAC Emerald Acquisition Stock Up 17.1%

FTAC Emerald Acquisition stock traded up $0.02 during trading hours on Friday, hitting $0.16. The stock had a trading volume of 8,324 shares, compared to its average volume of 25,098. FTAC Emerald Acquisition has a 12-month low of $0.08 and a 12-month high of $0.98. The stock’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.21.

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.