Catalyst Acquisition Corp. (NASDAQ:CATLU) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

Catalyst Acquisition Price Performance

Shares of CATLU remained flat at $9.98 during mid-day trading on Tuesday. The stock had a trading volume of 30,871 shares, compared to its average volume of 73,269. Catalyst Acquisition has a 1-year low of $9.96 and a 1-year 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.