Catalyst Acquisition Corp. (NASDAQ:CATLU – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,941 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average trading volume of 573,968 shares, the short-interest ratio is presently 0.0 days.
Catalyst Acquisition Stock Performance
Catalyst Acquisition stock traded up $0.01 during trading hours on Friday, reaching $9.99. 1,291 shares of the stock were exchanged, compared to its average volume of 104,808. Catalyst Acquisition has a 52-week low of $9.96 and a 52-week high of $10.03.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded 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.
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