FTAC Emerald Acquisition Corp. (NASDAQ:EMLD – Get Rating) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 83,800 shares, a decrease of 27.6% from the November 15th total of 115,800 shares. Approximately 0.3% of the company's stock are sold short. Based on an average trading volume of 76,000 shares, the days-to-cover ratio is currently 1.1 days.

FTAC Emerald Acquisition Stock Performance

NASDAQ:EMLD remained flat at $9.99 during trading hours on Friday. FTAC Emerald Acquisition has a 12 month low of $9.55 and a 12 month high of $9.99. The firm has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.86.

Hedge Funds Weigh In On FTAC Emerald Acquisition

Large investors have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new stake in shares of FTAC Emerald Acquisition in the 3rd quarter valued at approximately $111,000. State Street Corp acquired a new stake in shares of FTAC Emerald Acquisition in the 3rd quarter valued at approximately $191,000. Robinson Capital Management LLC acquired a new stake in shares of FTAC Emerald Acquisition in the 2nd quarter valued at approximately $245,000. Spartan Fund Management Inc. acquired a new stake in shares of FTAC Emerald Acquisition in the 2nd quarter valued at approximately $244,000. Finally, Wealthspring Capital LLC acquired a new stake in shares of FTAC Emerald Acquisition in the 1st quarter valued at approximately $265,000.

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.

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