FTAC Emerald Acquisition Corp. (NASDAQ:EMLD – Get Rating) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 149,600 shares, an increase of 13,500.0% from the October 15th total of 1,100 shares. Based on an average daily volume of 53,000 shares, the short-interest ratio is presently 2.8 days. Currently, 0.5% of the company's shares are sold short.
FTAC Emerald Acquisition Trading Down 0.1 %
Shares of EMLD stock opened at $9.94 on Friday. The business's 50 day simple moving average is $9.87 and its 200 day simple moving average is $9.82. FTAC Emerald Acquisition has a one year low of $9.55 and a one year high of $9.99.
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Hedge Funds Weigh In On FTAC Emerald Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of EMLD. Saba Capital Management L.P. bought a new position in shares of FTAC Emerald Acquisition during the 1st quarter worth approximately $15,632,000. Taconic Capital Advisors LP acquired a new position in shares of FTAC Emerald Acquisition during the first quarter worth approximately $14,752,000. Highbridge Capital Management LLC acquired a new position in shares of FTAC Emerald Acquisition during the first quarter worth approximately $10,212,000. Sculptor Capital LP acquired a new position in shares of FTAC Emerald Acquisition during the first quarter worth approximately $7,354,000. Finally, HBK Investments L P acquired a new position in shares of FTAC Emerald Acquisition during the first quarter worth approximately $7,328,000.
FTAC Emerald Acquisition Company Profile
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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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