FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) Short Interest Update

FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 30,100 shares, a drop of 7.1% from the May 31st total of 32,400 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 3.2 days.

FTAC Emerald Acquisition Stock Performance

NASDAQ:EMLD remained flat at $10.78 during trading hours on Wednesday. 4 shares of the company’s stock traded hands, compared to its average volume of 16,372. FTAC Emerald Acquisition has a 12 month low of $10.35 and a 12 month high of $11.05. The company’s 50-day moving average is $10.71 and its 200 day moving average is $10.59.

Institutional Investors Weigh In On FTAC Emerald Acquisition

Large investors have recently made changes to their positions in the stock. Tuttle Capital Management LLC purchased a new stake in FTAC Emerald Acquisition during the 1st quarter valued at about $315,000. Tidal Investments LLC lifted its holdings in shares of FTAC Emerald Acquisition by 4.2% during the first quarter. Tidal Investments LLC now owns 35,724 shares of the company’s stock worth $375,000 after purchasing an additional 1,453 shares during the period. Berkley W R Corp boosted its position in FTAC Emerald Acquisition by 14.5% in the first quarter. Berkley W R Corp now owns 61,770 shares of the company’s stock valued at $649,000 after buying an additional 7,815 shares during the last quarter. Robinson Capital Management LLC increased its holdings in FTAC Emerald Acquisition by 11.4% in the 4th quarter. Robinson Capital Management LLC now owns 78,521 shares of the company’s stock worth $838,000 after buying an additional 8,056 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in FTAC Emerald Acquisition during the 3rd quarter worth approximately $1,046,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

About FTAC Emerald Acquisition

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