Catalyst Acquisition Corp. (NASDAQ:CATLU – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 694 shares, a decrease of 45.0% from the September 15th total of 1,261 shares. Based on an average daily trading volume, of 5,203 shares, the short-interest ratio is presently 0.1 days.
Catalyst Acquisition Stock Performance
CATLU remained flat at $10.00 during trading on Friday. 12 shares of the company’s stock traded hands, compared to its average volume of 45,775. The firm has a fifty day simple moving average of $10.01. Catalyst Acquisition has a 1 year low of $9.96 and a 1 year high of $10.14.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Catalyst Acquisition to a “hold” rating in a research note on Saturday, August 8th.
Get Our Latest Stock Report on Catalyst Acquisition
About Catalyst Acquisition
Catalyst Acquisition Corp. (NASDAQ: CATLU) was a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with an operating company. The company did not have significant operating activities, products, or services of its own beyond pursuing a merger, acquisition, or similar transaction.
CATLU represented the company’s publicly traded units, which typically consisted of a share of common stock and a fraction of a warrant. As with other SPACs, the proceeds from its initial public offering were placed in a trust account while management evaluated potential acquisition targets.
Publicly available information about Catalyst Acquisition Corp.’s specific target industries, geographic markets, operating history, and leadership is limited.
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