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

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

Hedge Funds Weigh In On FTAC Emerald Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of EMLD. Tuttle Capital Management LLC bought a new stake in shares of FTAC Emerald Acquisition in the 1st quarter valued at approximately $315,000. Tidal Investments LLC grew its stake in shares of FTAC Emerald Acquisition by 4.2% in the 1st quarter. Tidal Investments LLC now owns 35,724 shares of the company’s stock valued at $375,000 after buying an additional 1,453 shares in the last quarter. Berkley W R Corp grew its stake in shares of FTAC Emerald Acquisition by 14.5% in the 1st 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 in the last quarter. Robinson Capital Management LLC grew its stake in shares of FTAC Emerald Acquisition by 11.4% in the 4th quarter. Robinson Capital Management LLC now owns 78,521 shares of the company’s stock valued at $838,000 after buying an additional 8,056 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of FTAC Emerald Acquisition in the 3rd quarter valued at approximately $1,046,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

FTAC Emerald Acquisition Trading Down 0.1 %

NASDAQ:EMLD traded down $0.01 on Tuesday, hitting $10.78. 207 shares of the company’s stock traded hands, compared to its average volume of 44,998. FTAC Emerald Acquisition has a 1 year low of $10.35 and a 1 year high of $11.05. The firm has a 50-day moving average price of $10.71 and a 200-day moving average price of $10.59.

FTAC Emerald Acquisition Company Profile

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.