FTAC Emerald Acquisition Corp. (NASDAQ:EMLD – Get Rating) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 1,100 shares, a growth of 10.0% from the September 30th total of 1,000 shares. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On FTAC Emerald Acquisition

A number of large investors have recently made changes to their positions in EMLD. Sage Mountain Advisors LLC purchased a new position in FTAC Emerald Acquisition during the first quarter valued at approximately $126,000. Spartan Fund Management Inc. purchased a new position in FTAC Emerald Acquisition during the second quarter valued at approximately $244,000. Robinson Capital Management LLC purchased a new position in FTAC Emerald Acquisition during the second quarter valued at approximately $245,000. Wealthspring Capital LLC purchased a new position in FTAC Emerald Acquisition during the first quarter valued at approximately $265,000. Finally, Bank of America Corp DE purchased a new position in FTAC Emerald Acquisition during the first quarter valued at approximately $318,000.

FTAC Emerald Acquisition Stock Down 0.1 %

Shares of EMLD stock traded down $0.01 during trading hours on Friday, reaching $9.93. 3,290 shares of the stock traded hands, compared to its average volume of 88,466. FTAC Emerald Acquisition has a 1-year low of $9.55 and a 1-year high of $9.95. The business has a fifty day moving average price of $9.85 and a 200 day moving average price of $9.81.

About FTAC Emerald Acquisition

FTAC Emerald Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.

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