FTAC Emerald Acquisition Corp. (NASDAQ:FLDDW – Get Free Report) saw a large drop in short interest in 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 days-to-cover ratio is presently 0.2 days.
FTAC Emerald Acquisition Price Performance
NASDAQ:FLDDW traded down $0.01 during trading hours on Wednesday, hitting $0.10. 861 shares of the stock traded hands, compared to its average volume of 23,489. The stock has a 50 day moving average price of $0.08 and a 200 day moving average price of $0.11. FTAC Emerald Acquisition has a 1 year low of $0.05 and a 1 year high of $0.59.
About FTAC Emerald Acquisition
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.
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