FTAC Emerald Acquisition Corp. (NASDAQ:EMLD – Get Rating) saw a large decline in short interest in August. As of August 15th, there was short interest totalling 700 shares, a decline of 69.6% from the July 31st total of 2,300 shares. Based on an average daily volume of 43,900 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On FTAC Emerald Acquisition
A number of institutional investors have recently added to or reduced their stakes in EMLD. Saba Capital Management L.P. purchased a new stake in FTAC Emerald Acquisition in the 1st quarter valued at approximately $15,632,000. Taconic Capital Advisors LP purchased a new stake in shares of FTAC Emerald Acquisition during the 1st quarter worth approximately $14,752,000. Highbridge Capital Management LLC purchased a new stake in shares of FTAC Emerald Acquisition during the 1st quarter worth approximately $10,212,000. Sculptor Capital LP purchased a new stake in shares of FTAC Emerald Acquisition during the 1st quarter worth approximately $7,354,000. Finally, HBK Investments L P purchased a new stake in shares of FTAC Emerald Acquisition during the 1st quarter worth approximately $7,328,000. Hedge funds and other institutional investors own 15.60% of the company's stock.
Get FTAC Emerald Acquisition alerts:FTAC Emerald Acquisition Stock Performance
Shares of EMLD opened at $9.83 on Friday. FTAC Emerald Acquisition has a twelve month low of $9.55 and a twelve month high of $9.87. The firm has a 50 day simple moving average of $9.81.
About FTAC Emerald Acquisition
(Get Rating)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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