Catalyst Acquisition Corp. (NASDAQ:CATLU) Sees Significant Decrease in Short Interest

Catalyst Acquisition Corp. (NASDAQ:CATLU) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,739 shares, a decline of 40.9% from the July 30th total of 2,941 shares. Based on an average daily volume of 13,041 shares, the days-to-cover ratio is presently 0.1 days.

Catalyst Acquisition Price Performance

Shares of CATLU stock traded up $0.00 during mid-day trading on Monday, hitting $9.98. 5,001 shares of the stock traded hands, compared to its average volume of 74,279. Catalyst Acquisition has a 52-week low of $9.96 and a 52-week high of $10.03.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Catalyst Acquisition to a “hold” rating in a research note on Saturday, August 8th.

Catalyst Acquisition Company Profile

Catalyst Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than conducting an ongoing commercial business, the company’s primary objective is to raise capital through an initial public offering and use those proceeds, together with other funding sources, to pursue a merger, acquisition, or similar transaction.

The company does not currently offer products or services of its own and has not established an operating business or defined geographic market.