FTAC Emerald Acquisition Corp. (NASDAQ:EMLD – Get Rating) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,100 shares, a growth of 57.1% from the August 15th total of 700 shares. Based on an average daily trading volume, of 38,700 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of FTAC Emerald Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. Aristeia Capital LLC acquired a new stake in FTAC Emerald Acquisition in the 1st quarter valued at approximately $7,324,000. RP Investment Advisors LP acquired a new stake in FTAC Emerald Acquisition in the 1st quarter valued at approximately $5,862,000. Sage Mountain Advisors LLC acquired a new stake in FTAC Emerald Acquisition in the 1st quarter valued at approximately $126,000. MMCAP International Inc. SPC acquired a new stake in FTAC Emerald Acquisition in the 1st quarter valued at approximately $3,420,000. Finally, HBK Investments L P acquired a new stake in FTAC Emerald Acquisition in the 1st quarter valued at approximately $7,328,000.

FTAC Emerald Acquisition Stock Up 0.1 %

FTAC Emerald Acquisition stock traded up $0.01 during trading on Friday, hitting $9.86. The company had a trading volume of 12,135 shares, compared to its average volume of 69,028. FTAC Emerald Acquisition has a 1-year low of $9.55 and a 1-year high of $9.87. The company's 50 day simple moving average is $9.83 and its 200-day simple moving average is $9.80.

FTAC Emerald Acquisition Company Profile

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.

Further Reading

• Get a free copy of the StockNews.com research report on FTAC Emerald Acquisition (EMLD)
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