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2023-02-13 12:42
FTAC Emerald Acquisition Corp. (NASDAQ:EMLD – Get Rating) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 13,700 shares, a decline of 34.1% from the January 15th total of 20,800 shares. Based on an average trading volume of 165,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's shares are sold short.
Several hedge funds have recently added to or reduced their stakes in the stock. Sculptor Capital LP raised its position in shares of FTAC Emerald Acquisition by 100.0% in the 2nd quarter. Sculptor Capital LP now owns 1,505,490 shares of the company's stock valued at $14,723,000 after acquiring an additional 752,742 shares during the period. Millennium Management LLC boosted its position in shares of FTAC Emerald Acquisition by 15.4% during the second quarter. Millennium Management LLC now owns 1,181,000 shares of the company's stock worth $11,550,000 after purchasing an additional 157,400 shares in the last quarter. Aristeia Capital LLC boosted its position in shares of FTAC Emerald Acquisition by 23.3% during the second quarter. Aristeia Capital LLC now owns 924,602 shares of the company's stock worth $9,043,000 after purchasing an additional 175,000 shares in the last quarter. Cantor Fitzgerald L. P. grew its holdings in shares of FTAC Emerald Acquisition by 155.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 894,400 shares of the company's stock valued at $8,775,000 after buying an additional 544,400 shares during the period. Finally, CSS LLC IL increased its position in shares of FTAC Emerald Acquisition by 40.8% in the 2nd quarter. CSS LLC IL now owns 705,643 shares of the company's stock valued at $6,901,000 after buying an additional 204,645 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.
Get FTAC Emerald Acquisition alerts:Shares of EMLD stock remained flat at $10.12 during trading hours on Friday. The stock had a trading volume of 206 shares, compared to its average volume of 170,329. FTAC Emerald Acquisition has a one year low of $9.70 and a one year high of $10.51. The firm's fifty day simple moving average is $10.05 and its 200 day simple moving average is $9.94.
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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