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

Catalyst Acquisition Corp. (NASDAQ:CATLU) was the recipient of a large decline in short interest during the month of 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 trading volume, of 13,041 shares, the days-to-cover ratio is currently 0.1 days.

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 Trading Up 0.0%

NASDAQ:CATLU traded up $0.00 during midday trading on Monday, hitting $9.98. The company’s stock had a trading volume of 5,001 shares, compared to its average volume of 74,279. Catalyst Acquisition has a fifty-two week low of $9.96 and a fifty-two week high of $10.03.

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.